Dec 17 2015 15821 1

Dec 17 2015 15821 1

The public pronouncement by central bank policy makers that the economy is strong enough to withstand a rate hike may give American consumers reason to believe that it's safer to borrow and spend.

Higher interest rates are better news for investors and the wealthy.

In May, it was said that he might have to resort to layoffs at the Minneapolis-based parent company of U.S. Bank if rates stay low. "It'll help," he said.

Officials at U.S. Bancorp (NYSE: USB) have worked to avoid layoffs by cutting other expenses, saying that they want to have talent in place when the economy bounces back.

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Phone: 214-676-4270
Dated: December 17th 2015
Views: 446
About Rogers: Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dal...

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