
How does the Fed’s interest rate hike hit consumer financing in 2017?
Economists are expecting a federal rate hike in the mid of December 2016. The U.S. Central Bank is also indicating the same. As per the CME's Fed Watch tool calculation, there's a 96.3% chance of Fed’s interest rate hike in the December meeting. Danielle DiMartino Booth, the former Dallas Fed advisor recently remarked on CNBC that "The focus has shifted well ...
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