The Spark

The Fed hike could LOWER interest rates

Slow rate hike wouldn't hurt economy: Strategist
What's the Fed to do?
Robert Heller: Overregulation the problem

The public has been seemingly desperate for the Federal Reserve to raise interest rates.

"Savers are getting creamed here," has been a common refrain.

"Banks are getting crushed."

"Zero percent sends a bad message, it undermines confidence."

Even the experts seem upset by the inertia: "It's simply time," has become another popular phrase.

Imagine what would happen, then, if the Fed raised rates—and they dropped even lower, instead. That's effectively what's happening today.