Tag Archives: Bank
Fed Rate Move Sends Dollar Higher
Business Strategy — The Federal Reserve’s decision to raise the interest rate it charges on short-term loans to banks reverberated in the financial markets Friday, sending overseas stock indexes lower and giving fresh momentum to a recent rise in the dollar.
The Fed took the move to normalize lending after holding interest rates to extraordinary lows [...]
Fed Move May Signal End to Easy Bank Profits
Business Strategy – Federal Reserve to Wall Street: The days of easy money — and, just maybe, easy profits — are numbered.
News on Thursday that the Fed would raise the interest rate that it charges banks for temporary loans was seen by lenders as a sign that their long, profitable period of ultralow rates was [...]