Prepare for Some Pain When the Fed Raises Rates
Robert R. Johnson
Economists predict the Federal Reserve will soon raise benchmark rates for the first time since the great financial meltdown of 2008-2009. Because of that crash the Fed held the benchmark, which guides bank rates charged on everything from mortgages to credit cards, at or near zero.
Rafter, Dan, "Prepare for Some Pain When the Fed Raises Rates" (2015). In the News. 675.