Federal Reserve Chair Janet Yellen (AAP) Source: AAP
The US Federal Reserve has decided to keep interest rates at between 0.25% and 0.5%. But instead of the expectation on Dec last year to raise the rates four times in 2016, the US central bank now says it expects to raise rates just twice this year. What does it mean to the US economy, and how does it affect Australia. Ivan interviews Brian Pun, Senior Analyst from Morgans to explain more.
The US Federal Reserve has decided to keep interest rates at between 0.25% and 0.5%. But instead of the expectation on Dec last year to raise the rates four times in 2016, the US central bank now says it expects to raise rates just twice this year. What does it mean to the US economy, and how does it affect Australia. Ivan interviews Brian Pun, Senior Analyst from Morgans to explain more.
