The justification for low interest rates is no longer to save banks, but instead to goose the stock market as an indirect way to create jobs.
The justification for low interest rates is no longer to save banks, but instead to goose the stock market as
an indirect way to create jobs. And now, mutual and hedge-fund managers are scrambling their brains trying to figure out when rates will rise, trying to outguess the Fed and other investors. So what is your take on the timing of this turn?
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