19 Jun
Interest Rates - How Do They Change, Who’s Affected, and Where Are They Going?
The Federal Reserve (the “Fed”) (est. 1913) raises its discount rate one quarter of a percent. That’s headline news! Why? What does it mean? Who does it affect? Let’s back up, slow down, and take a look at the Fed and briefly summarize what it is and how it works.
The Fed is a central banking […]