Posted by: RAPV | June 18, 2015

Interest Rates Expected to Rise

At a June 17th news conference Chairwoman of the Federal Reserve, Janet Yellen, was clear about three things.

  1. Rates will start rising later this year.  Both Lawrence Yun, NAR Chief Economist and Eliot Eisenberg, the BowTie Economist, have stated the rise will likely occur in mid-September,
  2. Rates will rise by 1 percentage point every 12 months for the next three years, which is unusually slow, just half as fast as in past rate-rising cycles, and
  3. Sustained GDP growth above 2.5 percent/year is not expected soon.

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