The ugly start for the year on Wall Street has not provided any incentive for the Federal Reserve to speed up its schedule for raising interest rates.
After increasing rates in December for the 1st time in nearly a decade, the Fed indicated that there will be "gradual" increases in 2016. Gus Faucher, senior economist at PNC Financial Services Group, says most Fed watchers interpret that to mean a 1% increase, or 4 hikes of 0.25% each, over the course of the year.
Read more: http://www.bankrate.com/finance/federal-reserve/federal-reserve-raise-interest-rates-second-time.aspx#ixzz3yG7H3M1R
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