While Yellens comments were opaque at best, the Feds official - TopicsExpress

While Yellens comments were opaque at best, the Feds official forecasts show a fed funds rate of 1% by the end of 2015, up from basically zero now. And by the end of 2016, the forecast sees a 2.25% rate — higher than earlier estimates. The bottom line is, weve basically had zero interest rates for almost five and a half years now, so a fairly big rise is on the way. If you go back in history, you can see that substantial rises in interest rates have always preceded recessions. Always. But even after half a decade of interest rates near zero, the economy is still basically just crawling. Read More At Investors Business Daily: news.investors/ibd-editorials/032014-694102-undoing-stimulus-will-require-big-rate-hikes.htm#ixzz2wdZedXMo Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

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