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Local money pro weighs in after fed raises interest rate .25

By Clip Syndicate
Local money pro weighs in after fed raises interest rate .25

http://eplayer.clipsyndicate.com/view/12487/6959712 Video: Local money pro weighs in after fed raises interest rate .25
Local money pro weighs in after fed raises interest rate .25
http://chic.clipsyndicate.com/video/playlist/12487/6959712?cpt=8&wpid=2637 Wed, 14 Jun 2017 21:35:04 +0000 Local money pro weighs in after fed raises interest rate .25 Local money pro weighs in after fed raises interest rate .25 http://chic.clipsyndicate.com/video/playlist/12487/6959712?cpt=8&wpid=2637 WETM NBC 18 Elmira our corning bureau, michelle ross, 18 news. interest rates are going up. the federal reserve raised short-term interest rates by a quarter point. rising interest rates eventually affect millions of americans from home buyers to credit card holders to savers. however, interest rates for mortgages are not expected to rise immediately. it's the fed's third rate hike since december. and it's a sign that the central bank believes the u-s economy is on solid ground. tom wirth: "although there are some areas of concerns with the economy, mainly with car sales and retail sales, there are other areas particularly in the employment front which has shown significant strength at 4.3 percent." the fed also announcing today it will likely raise the interest again before the end of the year.




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