The Phaserl


THE GLOBAL FINANCIAL RULERS: World Bank the Latest to Urge Fed to Hold Interest Rates Until 2016

The World Bank’s warning comes after the International Monetary Fund (IMF) said last week that the Fed should delay a rate hike until the first half of 2016.

from CNBC:

The World Bank has become the latest global organization to urge the U.S. Federal Reserve to delay raising interest rates until 2016, amid growing expectations that the central bank could hike as early as September.

The financial institution said on Wednesday that keeping rates at record lows would help avoid the kind of financial market volatility witnessed during the “taper tantrum” of summer 2013.

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