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Fed likely to raise interest rates this month

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Mortgage Professional America | 02 Dec 2015, 11:28 AM Agree 0
The chair of the Federal Reserve says the benchmark interest rate, held near zero for nearly seven years, will likely go up this month
  • Viva la Revolucion | | 02 Dec 2015, 02:29 PM Agree 0
    Because they believe the fake employment numbers?? LOL
  • Anonymous | | 02 Dec 2015, 02:30 PM Agree 0
    This just in - Fed likely to derail economic recovery later this month. Stay tuned while we report the events live, as they unfold. Breaking news at 5. Watch as credit card rates and lending rates increase, sending struggling families back into their own recessions. When asked for comment, Fed officials were stunned. "We just don't get it" commented one official after his morning workout on the tennis court at his country club. "We thought that most Americans had already paid off all of their debts and mortgages, and were debt free by now." When the official was reminded by this author that most citizens are struggling to make ends meet, he simply shrugged his shoulders and replied "That's a shame. We didn't think a quarter point would matter" as he climbed behind the wheel of his new Mercedes and left. That is indeed a shame. Thanks Federal Reserve.
  • Patrick | | 03 Dec 2015, 07:26 PM Agree 0
    It is beyond belief that the Federal Reserve would use the small boost to the economy that the Holiday season brings, as an excuse to raise interest rates and send our economy into the toilet again. As pertains to employment, the holiday season always brings a boost to employment, for about 30 days. How can a person with any common sense attribute this to a healthy economy. The Federal Reserve needs to have its powers assigned to a group that represents what best for American Families and not what is best for special interest groups.
    I have had enough of the Federal Reserve.
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