Forbes: Fed Hikes Rates For Second Time In A Decade, Indicates More To Come In 2017
Article published: Dec 14, 2016 – out of date: no longer suitable for your IB Economics commentary
IB Economics syllabus: Macroeconomics (monetary policiey, interest rate)
For the second time in over 10 years, the Central Bank of the U.S. (known as the Fed) has increased the interest rates, which is a tool of contractionary monetary policy.
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