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Why Very Low Interest Rates May Stick Around (Published 2015)
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Why Very Low Interest Rates May Stick Around (Published 2015)
The Federal Reserve will most likely raise interest rates this week for the first time in nearly ... The Federal Reserve will most likely raise interest rates this week for the first time in nearly a decade. To understand what it means — and doesn’t mean — consider a previous year in which interest rates were on the rise. In 1920, borrowing costs soared to their highest levels since the end of the Civil War. Some people were terrified of what it was doing to the economy. Higher rates “would pract