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The MReport Webcast: Thursday 12/17/2015

The Federal Reserve made the long-awaited, much-anticipated announcement on Wednesday afternoon that federal funds target rate will increase by a quarter of a percentage point from its near-zero level where it has been since 2006.

The announcement came as the Fed wrapped its eighth and final Federal Open Market Committee meeting of 2015 on Wednesday afternoon after a widely-expected rate increase did not happen at the September or October meeting. The federal funds rate is now one-fourth to one-half percent.

 

Careless underwriting standards is causing an influx of credit risk in bank lending portfolios, which could be a huge mistake for these lenders over the long-term. The Office of the Comptroller of the Currency, supervisor of the national banks and federal saving institutions, released its semi-annual Risk Perspective report on Wednesday, pointing out the growing risks among banks.

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.
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