Federal reserve System

Fed Rate Hike: Impacts on the US citizens and other countries

Speculation for more than a year has now ended with the Federal Open Market Committee deciding to increase Fed Rate from near zero ( 0 to 0.25%) to the range of 0.25% to 0.5%.  Why the Fed Rate has been in news for more than a year?  The simple answer is that the Fed rate

Federal Reserve System and Fed Rate

Fed Rate and Federal Reserve System have been in news for more than a year. Let us examine what is meant by the terms.  In modern era, Financial Institutions and Banks have emerged as major institutions that have direct bearing on the progress of a country and wellbeing of the citizens. Knowing the importance of