Why The Fed’s Interest Rate Hike Will Hit Black People Harder Than Whites

Unemployment is more than twice as bad for Black people. by Daniel Marans, Reporter, The Huffington Post https://www.huffingtonpost.com/entry/fed-rate-hike-african-americans_567447fee4b06fa6887d2552 The Federal Reserve's decision to raise its benchmark interest rate on Wednesday is bad news for black workers. The move is expected to put downward pressure on job creation by raising borrowing costs throughout the economy. While the rate hike is a modest measure on its own, it sets the stage for a series of additional developments that stand to have a much bigger contractionary effect on the economy. [...]