It will now cost more to borrow
The days of LOW INTEREST RATES is coming to and end however the transition to higher interest rates probably won't benefit the lower class here in America. It's going to be interesting to watch the Federal Reserve Board and the Federal Open Market Committee run the economy at maximum employment and price stability and see where this goes. Either way it's going to go where it goes and the powers that be have their best interest in mind.
Ben Bernanke is now Senior Adviser to PIMCO and we are hearing of loads of mergers and acquisitions amongst many large cap companies across the board. There seems to be loads of electronic cash as many large companies have prospered and are buying out smaller ones as they combine forces to really take the technology industry to higher levels.
As for us common folks here on the bottom end we might see a rise in our savings account rates by maybe a half of a percent or so. So maybe that will increase interest earnings by $25 for the entire year in an average savings account. I guess that's something to be extremely grateful for from our gracious money masters.
http://www.wsj.com/articles/some-investors-cant-wait-for-the-fed-to-raise-rates-1430213402
http://www.wsj.com/articles/some-investors-cant-wait-for-the-fed-to-raise-rates-1430213402
...developing...
