The Federal Reserve has increased interest rates. The US Federal Reserve has raised interest rates by 0.25 percentage points in the first increase since 2006.
So the world economy is on a knife edge, the Eurozone seems to go from crisis to crisis and the Americans want to raise there interest rates.
Somebody is trying to defend their corner if it all goes down hill.
To be honest I don’t blame them for doing this. They don’t want to be dragged in to the mess that has been engulfing in Europe and countries such as Greece.
They are saying that this going to effect people in the so-called developing world.
Well I can imagine that if it does make the Developing World go bust the West wouldn’t be effected by it. The thing is that at the end of the day the majority of the people in the West wouldn’t actually care. You know why? We wouldn’t see it.
You do wonder if they are doing this whole thing with the though of what could happen next year with the American Presidential Election that is coming up.
The Us Federal Reserve has risen interest rates. Let’s see how this effects the 3rd world and American relations.