Thursday, February 18, 2010

How Far Will Interest Rates Go Up?

The Federal Reserve raised the discount rate today as part of its initial efforts to restore normalcy in the nation's lending facilities. The question that remains is just how far the Fed might eventually go with rate hikes in order to control inflation and achieve economic growth. Only time will tell, but my guess is that interest rates will increase much more than America is now anticipating. More to follow...

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