While the broad economy has continued humming along for the last year or so, so have most people’s ‘inflated expectations’ about the direction of interest rates. Depending on how you look at the numbers, we might be in the best of times or we might be in the worst of them.
Are interest rates really going up? The consensus seems to be yes. The reality is Yes and No.
“What is truth?” Pontius Pilot asked Jesus. A profound question drenched in irony, considering Truth was staring Pilot in the face. But Pilot’s point is clear: he didn’t believe in absolute truth. Pilot held to relativism.
Recent headlines are focusing on whether or not the Federal Reserve (FED) will raise its key interest rate this year. If they raise rates, the markets may falter. If they don’t raise rates then they may lose credibility (if only!). The financial world is on edge, while most people shrug their shoulders and wonder why the FED even matters.