The Fed hike could LOWER interest rates

CNBC, By Kelly Evans | August 24th, 2015 (Read article)

The public has been seemingly desperate for the Federal Reserve to raise interest rates.

“Savers are getting creamed here,” has been a common refrain.

“Banks are getting crushed.”

“Zero percent sends a bad message, it undermines confidence.”

Even the experts seem upset by the inertia: “It’s simply time,” has become another popular phrase.

Imagine what would happen, then, if the Fed raised rates—and they dropped even lower, instead. That’s effectively what’s happening today.

2016-10-23T23:30:20+00:00