They keep telling us – the Federal Reserve Board is raising rates this year but by not announcing when they are making the markets nervous as to what comes next.
Here the Fed is providing a few clues to calm the nervous markets as Chairwoman Yellen announced last month that the Fed would not “be impatient” with their moves because “if underlying conditions had truly returned to normal, the economy should be booming.”
In other words, interest rates may indeed rise but we shouldn’t see any significant higher rates anytime soon.
And that’s – most probably – a good thing.
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