US Fed raises benchmark interest rate amid strong economy
In a widely anticipated decision, the central bank boosted the lending rate by a quarter of a percentage point to a range of 2.00 per cent to 2.25 per cent.
Read more at https://www.channelnewsasia.com/news/business/us-fed-raises-benchmark-interest-rate-amid-strong-economy-10761830 (Updated: )
US companies worry about "disruption of supply chains, materials, cost increases, and loss of markets and things like that." The Fed's concern is that that could lead to the "loss of business confidence and that can reduce investment." -- This is the direct consequences of Trump's stupid trade war with most of its trading partner.
If US economy falter and Global economy falter --- it is all due to Trump's stupidity.
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