Federal Interest Rates to Remain at Current Rate Through 2016

Federal Interest Rates pic
Federal Interest Rates
Image: therealdeal.com

Though he is based in North Grafton, Massachusetts, Paul Andrew is a public and economic policy expert who is in demand in nations across the world. Paul Andrew’s experience has helped to shape institutions both in and outside of North Grafton, including Fortune 500 companies, United States political campaigns, and international policies.

In late July, the Federal Open Market Committee voted to leave federal interest rates at their current level for the time being. Though this decision fell in line with most predictions, some analysts were surprised by the committee’s somewhat optimistic position statement after the announcement.

Representatives of the Federal Reserve pointed to rising employment levels as an example of economic recovery in recent months. Though investment in business has remained slow, household spending increased by a significant degree. These factors suggest a slowly but steadily improving domestic economy, making conditions ripe for a small interest rate hike sometime in 2017.

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