At a time when the U.S. economy is chugging along at over 2% growth and the unemployment rate reflects almost full employment, there’s not much of a case for the Fed’s key interest rate to remain at historic lows.
If you listen to some Wall Street pundits and economists, you might think that the Fed raising interest rates right now would cause disaster to strike — it could send the global economy into recession and the stock market crashing.
But let’s get real. If the Fed votes on Thursday to raise its benchmark rates, most likely it will go from being near 0% to maybe 0.125% or 0.25%.
Find out more at CNN Money.
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