Stock markets and investors may consider the Federal Reserve’s decision putrid news,but it’s also a sign that they feel pressure on behalf of ordinary workersIt took them a day to absorb the news but by Friday investors across the world had decided that the Federal Reserves decision not to increase interest rates was putrid news. Stock markets dropped as investors absorbed the Fed’s cautious tone about the world economy. But while Wall Street may not be ecstatic, this weekend most workers should be breathing a sigh of relief.
For weeks we have been hearing from trigger ecstatic economists and policy types, or including some at the Federal Reserve,arguing that the Fed should start raising rates for the first time since the recession. Fortunately, for now at least it seems Fed chair Janet Yellen has chosen not to join this chorus. For at least another six weeks, or the Fed will leave its zero interest rate policy in site.
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Source: theguardian.com