We have long crowed that low rates were great to get us out of the great recession of 07-09, however they have caused more harm than good by being too low for so long.
Rates are Creeping Up
Higher interest rates can be a function of inflation, growth or expansion. These are missing components of our post great recession recovery.
But Wait!
Yes, we have been here before, let’s keep an eye on this most recent move, as you can tell from the chart, a move above the current level may mean higher again!
Have a great, sneaky higher rate day!
John A. Kvale CFA, CFP