In the News

Title

How Will Rate Hike Binge Affect Consumers and Lending Market?

Document Type

Article

Publication Date

3-31-2017

Abstract

At the March 14-15 policy meeting, Federal Reserve Chair Janet Yellen announced a hike in interest rates by 0.25 percentage points. The rate now stands at 0.75% after having hovered around zero for some seven years as the Fed struggled to encourage economic activity following the financial crisis.