U.S. Federal Reserve and Financial Crisis

financial crisis: The U.S. economy is expected to expand 2.4 percent in 2015 before rising to 2.6 percent a year after as "rising employment and household consumption are driving solid growth in the United States, but investment continues to disappoint," the think-tank said, calling on the country central bank to raise its benchmark rates, the first increase since 2008 financial crisis. "The U.S. Federal Reserve will soon need to begin to raise its policy rate at a gradual pace, given the solid growth of the U.S. economy and concerns over asset prices, according to Xinhua China. The timing of the first rate rise will make little difference to the outcome, but the pace of increase does matter," the OECD said. According to the latest Economic Outlook released by the Paris-based organization, the world economy would grow by 3 percent this year and 3.6 percent in 2016, down from 3.1 percent and 3.8 percent from a previous projection. Growth across the eurozone was projected at 1.6 percent this year and 1.9 percent next year as Germany was leading expectations of growth. As for France, which is struggling to put growth on recovery track, will see a 1 percent rise for the whole year of 2015 followed by a 1.4 percent rebound in the next year, below the government target percent. Its economy was set at 1.6 percent in 2015, unchanged from previous estimate. (news.financializer.com). As reported in the news.