Fed Raises Interest Rates For The First Time In A Decade

‘There has only been one thing keeping our economy afloat since the crash of 2008. That is, cheap money provided by the Federal Reserve. Everything from stocks to bonds and even real estate, have been pumped up by the Fed’s limitless money supply.

And the Fed isn’t alone. Central banks all over the world have been utilizing the same strategy of inflating their currency, and provided near zero interest rates. That’s because everybody wants stay competitive by keeping their exports cheap. They’ve been racing to the bottom for years, but now it appears that the bottom has finally been reached.’

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