Wednesday, October 26th, 2016 MST

Fed kicks the can again

Wednesday the Federal Open Market Committee (FOMC) gave no date for an interest rate hike, leaving analysts and economists speculating as to when the long anticipated .25 percent increase in the federal funds rate, which now officially stands at “zero to .25 percent,” will come. Following the Fed’s official statements issued after FOMC meetings has

Greek banks prepare for “bail-in”

In the financial news, nothing is getting more attention than Greece’s financial plight. In short, Greece cannot meet its debt payments schedule without further assistance from the European Central Bank and the International Monetary Fund, both of which want a more strident austerity program than the present one that has already brought the people of

Greece to exit eurozone?

Reaching an agreement on Greece’s bailout is beyond the 11th hour. It’s striking midnight. Monday all eurozone presidents and prime ministers have been summoned to meet in Brussels in a final attempt to resolve Greece’s bailout stand-off. This confab is necessary because the finance ministers of the currency union failed to reach an agreement earlier

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