The Bitter Pill to Cure Deficits
Tuesday, February 26, 2019
If only this benchmark rate had gone down, there could have been a series of positive effects to look forward to. Bank deposit and loan interest rates might be dragged down. Businesses could enjoy a cheaper cost of capital. Then eventually it would invigorate the economy.
Looking at the global perspective, the opportunity to lower interest is there. The Federal Reserve send out signals that it will not raise its interest rates. The Fed will also
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