Multiple Interest Rate Hikes on the Horizon?


On December 16, the Federal Reserve decided to raise interest rates for the first time since the financial crisis of 2006. According to a Reuters article and CNBC interview, Fed president John Williams thinks three to five rate hikes this year is reasonable.

He is also not particularly concerned with the effects of the Chinese economy on that of the United States, even after the stock market dip at the start of 2016, saying “The Chinese stock market affects a relatively small share of Chinese citizens. It doesn’t affect the U.S. financial system that much directly so to me those are not major concerns in terms of systemic risk right now.”

Read more about his opinions on Business Insider.

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