Watch this video – it was recorded in August of last year, just before the US Federal Open Market Committee (FOMC) chaired by Janey Yellen, decided to raise interest rates by 0.25 per cent (some also call it 25 basis points). It is March now and more than 6 months have passed since the first rate increase and the FOMC has deferred raising rates, citing weak global economic conditions. Is this really the truth? This video clearly lays out the factors FOMC should consider before raising rates and is a must-see. Watch it and decide for yourself.
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