Videos of white nationalists chanting “Jews will not replace us” surely startled anyone who thought anti-Semitism long dead in the America of 2017. But for others it simply confirmed that old prejudices die hard.
No matter the direction, up or down, when the Federal Reserve adjusts its headline interest rate, the global economy moves. Eight times a year, journalists, analysts and investors around the world carefully monitor the Fed’s arcane statements for hints of where the economy is heading.
What’s the Fed?
Half of Americans have almost no savings, according to a May 2016 survey by the Federal Reserve. For such people, car trouble or a toothache can trigger financial ruin.
