The Federal Reserve is expected to cut interest rates this week for the first time since the depths of the financial crisis. That move that would likely be cheered by markets and the White House, but comes with significant risks for the country. Lower interest rates could encourage the rise of so-called zombie companies, or those that are at least 10 years old and unable to make interest payments with profits. Visit Markets Insider for more stories.
The Federal Reserve is expected to cut interest rates this week for the first time since the depths of the financial crisis. That move that would likely be cheered by markets and the White House, but comes with significant risks for the country. Lower interest rates could encourage the rise of so-called zombie companies, or those that are at least 10 years old and unable to make interest payments with profits. Visit Markets Insider for more stories.
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Stocks edge lower on mega-cap tech losses as investors await the FedBoth the S&P 500 index and Nasdaq composite fell in US trading on Monday, while the Dow Jones Industrial average edged higher. Aye right. If only things were so simple.
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