Leave it to the stock market to react negatively to news that the Federal Reserve will continue to make it easy for citizens to afford loans. Those who stand to benefit from finance, of course love the higher interest rates. But higher interest rates now make no sense in an economy which can hardly fly much above ground level as uncertainty continues to plague world markets.
It's not that low interest rates alone can lift such a stubborn economy. But discouraging investment at a time like this would have been folly on the part of the Fed. Members of the private board avoided that description by deciding to hold the line on interest rates for now.
Stocks Plunge on Federal Reserve News
It's not that low interest rates alone can lift such a stubborn economy. But discouraging investment at a time like this would have been folly on the part of the Fed. Members of the private board avoided that description by deciding to hold the line on interest rates for now.
Stocks Plunge on Federal Reserve News
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