Apr 5 2011
Rising Interest Rates: The Downside of Economic Recovery
Over the last several years, investors have grown accustomed to historically low interest rates. Ever since the Federal Reserve Board’s target fed funds rate–the rate at which banks lend to one another–hit a high above 19% in mid-1981, the long-term direction of rates has been downward. In the last decade, the Fed’s data* shows the [...]






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