Economists war that Americans and the entire world need to continue tightening our belts for the long and bumpy ride ahead.
The Federal Reserve faces the daunting task of reassuring the public that is increasingly convinced the central bank has already blown it. Slam the breaks or slow down?
When the Fed raises rates, it would imply that the banks are seeing a growth in credit disbursement. A lot of people are opting for the loan facility. So, in order to satisfy the need for credit, banks usually shift their reliance on fixed deposits.