Federal Reserve expected to slowly raise interest rates
Sept. 26, 2017
The Federal Reserve announced it will begin rolling back its Great Recession-era stimulus plan, a move that will raise interest rates over the next eight years.
Dennis Hoffman, an economist at Arizona State University’s W. P. Carey School of Business, says the change will impact interest rates but will go largely unnoticed by the majority of Americans. According to Hoffman, interest rates should only rise one-percent over the eight-year period.
Many other factors are a more prominent driving force on credit markets and the value of the dollar, said Hoffman, so much so that the changes made by the Federal Reserve will be, “like watching paint dry.”