European Interest Rates Rise, will the US Rise too?

by Jared Fruland

European interest rates hiked up little by little this week, while the U.S. interest rates remained the same. The moves are small, however, nervous investors are keeping a close eye on the rates, due to a shifiting economy and the unpredicted fall of the markets last week. A worldwide stock tumble last week -- where a plunge in the Chinese stock market set off the dominoes that knocked down the Dow Jones industrials more than 400 points in one day.