Higher interest rates might not have as much effect as is desired, but they've been kept artificially low for far to long and are finally being allowed to revert to something resembling market rates.
There's also a good argument to be made that the Fed isn't really raising them. Check out short-term T-bill rate charts. One might almost conclude that the Fed is really only matching what the markets have already done.
Higher interest rates might not have as much effect as is desired, but they've been kept artificially low for far to long and are finally being allowed to revert to something resembling market rates.
There's also a good argument to be made that the Fed isn't really raising them. Check out short-term T-bill rate charts. One might almost conclude that the Fed is really only matching what the markets have already done.