Fed Expected to Signal Rate Hike This Week

By: , dated December 16th, 2014

The Dow fails to rally and closes the day down 112 points. The Dow and the S&P 500 have now ended in the red for six of the past seven days. Today the Russian ruble fell 23.2% vs. the U.S. dollar, marking an all-time low for the Russian currency. Despite falling gas prices many believe that the Fed will signal this week that they are just mere months away from raising short-term interest rates for the first time since the financial crisis in 2008.

Word on the Street

Interesting Tidbits

This article was brought to you by the InvestorGuide Staff Writers and Editors.

Copyrighted by All rights reserved.

Leave a Reply