Fed vice-chair still sees two more rate hikes this year: CNBC

Fed vice-chair still sees two more rate hikes this year: CNBC

[NEW YORK] The US Federal Reserve remains on track for two more interest rate increases this year despite some weak recent economic data including a drop in inflation, Fed Vice-Chair Stanley Fischer said on Friday. "We're feeling that way. So far I haven't seen anything to change that," he said on CNBC when asked whether two more policy tightenings in 2017 were appropriate, adding the Fed is "not tied to" that plan.

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BEWARE. Fed Rate Hike Could Burst Bubbles

BEWARE. Fed Rate Hike Could Burst Bubbles

The Federal Reserve followed through on its latest promise to raise interest rates. Fed Chief Janet Yellen announced a quarter point hike in the federal funds rate in March. But the increase has little to do with the ripple effect on mortgages and consumer loans, and more to do with a message from the Fed about the economy.

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Rising rates will speed up the clock on retail's $3.7 billion time bomb

Rising rates will speed up the clock on retail's $3.7 billion time bomb

Things are about to get even harder for distressed retail chains thanks to rising interest rates.

After years of low rates fueled a private equity "feasting" on retail firms, the number of troubled chains has tripled over the past six years, and is now at its highest level since the Great Recession.

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