Canadian Chamber of Commerce Presents: 5 Minutes for Business: US Interest Rates and UN Climate Change
· by Huzaifa Saeed
US Interest Rates about to rise: What does it mean for Canada?
After seven long years with interest rates at zero, the U.S. Federal Reserve will almost certainly raise rates by 0.25% at its next meeting on December 15.
It has been warning about a coming rate hike since 2013. In the last Fed statement, it changed the wording it has used for years about “In determining how long to maintain this target range…” to “In determining whether to raise the target range at the next meeting…” In the obscure language of Fedspeak, this is like waving your arms and hollering.
Video By
Christoph Benfey
Photography By
Reg Beaudry
Website By
Dunham