BEWARE. Fed Rate Hike Could Burst Bubbles

BEWARE. Fed Rate Hike Could Burst Bubbles

The Federal Reserve followed through on its latest promise to raise interest rates. Fed Chief Janet Yellen announced a quarter point hike in the federal funds rate in March. But the increase has little to do with the ripple effect on mortgages and consumer loans, and more to do with a message from the Fed about the economy.

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