The Fed is More Confident of U.S. Recovery
Federal Reserve officials have expressed growing optimism at the December meeting that the U.S. economy is steadily recovering.Â As the price of oil continues to fall and with payrolls growing, there is a good possibility that 2015 will experience higher economic growth than currently forecast.
However, the weakness of the global economy and the anemic response of foreign governments could weigh on domestic growth. Â If variable loan rates increase and credit becomes more expensive and harder to get, how will it effect the engagements of BV professionals? Find out more from the New York Timesâ€™ coverage of the Federal Open Market Committeeâ€™s December meeting.