14 December, 2016 by The TZ Newswire Staff Comments Off on FOMC hikes rates by 25 basis points, as expected
FOMC hikes rates by 25 basis points, as expected
Federal Reserve interest rate decision December 14, 2016 highlights
– Fed hikes to range of 0.50%-0.75%
– All 103 economists surveyed by Bloomberg forecasted a hike
Highlights of the statement:
14 December, 2016 by The TZ Newswire Staff Comments Off on FED HIKES, FORESEES 3 MORE HIKES IN 2017
FED HIKES, FORESEES 3 MORE HIKES IN 2017
Federal Reserve officials, amid signs that the economy soon could shed its long period of stagnation, approved the first interest rate hike in just about a year Wednesday.
14 December, 2016 by The TZ Newswire Staff Comments Off on Market Extra: Fed decision: How stock markets have performed in December
Market Extra: Fed decision: How stock markets have performed in December
Stock investors on Wednesday have their attention fixed on the Federal Reserve’s decision to raise rates for the first time in 12 months.
14 December, 2016 by The TZ Newswire Staff Comments Off on The creator of the Hula Hoop wants to make retro toys cool again
The creator of the Hula Hoop wants to make retro toys cool again
President of Frisbee maker Wham-O says there needs to be a balance between tech and toys.
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14 December, 2016 by The TZ Newswire Staff Comments Off on The Decline & Fall Of Fed Credibility (In 1 Simple Chart)
The Decline & Fall Of Fed Credibility (In 1 Simple Chart)
With The Fed expected to raise interest rates in a few minutes, (and likely jawbone about how the path to normalization is now progressing well), we thought it worth a reminder that FOMC officials’ quarterly interest-rate projections have gone nowhere but down since the last time they were marked up in September 2014.
As the infamous ‘dot plot’ reveals, Fed forecasts of rates for 2017 have fallen in line with the market’s perceived credibility of the failing institution…
14 December, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: How to help your child with their student loans without making them lazy and entitled
The Wall Street Journal: How to help your child with their student loans without making them lazy and entitled
There are ways to give financial assistance, while still holding the young adult accountable.
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14 December, 2016 by The TZ Newswire Staff Comments Off on Wildenstein heir chops $10M off price of Sutton Square mansion
Wildenstein heir chops $10M off price of Sutton Square mansion
Scandal-plagued billionaire Guy Wildenstein, who is awaiting a judge’s decision in a vast tax fraud scheme in France, appears to be getting desperate to sell his Sutton Square mansion. The 70-year-old heir to the Wildenstein art fortune has chopped $10 million off the asking price for his double-wide townhouse at 7 Sutton Square, which is now asking $39 million, down from $48.5 million.