The Federal Reserve raised interest rates for the first time in nearly a decade last Wednesday. Investors initially interpreted the rate hike as positive, with the Dow Jones industrial average gaining more than 200 points.
However, fear quickly crept into the markets after Wednesday’s rally, with equities posting back-to-back down sessions on Thursday and Friday. Here is a direct video link.
One of Time and Foreign Policy Magazine’s 100 most influential people in the world, Professor of Finance and Economics at Stanford University Anat Admati explains that the financial system must be rethought to benefit society. Here is a direct video link.
One small victory on the long road back to saner financial policies…
The bill does not include #WallStreet’s deregulation special interest wish list that it fought long and hard for: https://t.co/fUSAenco6J
— Better Markets (@Bettermarkets) December 16, 2015
