No question about it, the interest rates are going up. Not only the Fed Funds rate, but also along the entire yield curve.
What explains this?
Has to be the policies of the current president as opposed to the previous president. The interest rates began going up as soon as Trump was sworn in.
The idea that Obama gets any credit for this is absurd. The low interest rates were a feature of the prior administration.
Why are high interest rates good? Well, as long as they aren't too high, it is an indication of economic activity. Low interest rates are an indication of non activity. The economy was not reaching its full potential under the prior administration. The proof is in the interest rates.
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