Will the Fed raise interest rates when the Federal Open Market Committee meeting – the Federal Reserve bank – wraps up their two-day meeting this afternoon – less than week before the mid-term election? Maybe, maybe not, says a financial researcher at Virginia Tech. A rate hike will make borrowing for a house, a car or any other big purchase more expensive, credit card rates as well – the White House doesn’t want to see that – and could a Fed rate hike be seen as tipping the scales towards Democratic candidates who have made the economy a top campaign issue? Why didn’t they just postpone the current meeting to a date after the election? More from WFIR’s Gene Marrano:
The post Fed decision about interest rate hike could impact mid-terms first appeared on News/Talk 960-AM & FM-107.3 WFIR.
