The Macro Outlook on Rising Interest Rates
Expect some volatility and possible discomfort in bond yields. But the U.S. economy is growing, and inflation should stay low.
Max King
November 6, 2014
Janet Yellen, chair of the U.S. Federal Reserve, right, talks to Steven Kamin, director of the division of international finance with the Federal Reserve, during an International Monetary Fund Committee (IMFC) governors meeting at the International Monetary Committee (IMF) and World Bank Group Annual Meetings in Washington, D.C., U.S., on Saturday, Oct. 11, 2014. U.S. Treasury Secretary Jacob J. Lew warned global policy makers against devaluing exchange rates for competitive advantage amid mounting concern over the strength of the dollar and slowing world growth. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Janet Yellen; Steven Kamin
Andrew Harrer/Bloomberg
