Clarko95 📚💰📈
Clarko95
YaBB God
Posts: 3,607
Political Matrix
E: -5.61, S: -1.96
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« on: December 16, 2015, 11:28:32 PM » |
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Honestly a non-event. Raising rates from 0%-0.25% to 0.25% to 0.50% is absolutely nothing in the long-run; all this affects is margins.
Short-term bank borrowing costs barely tick up, credit card/mortgage rates barely tick up as well. No one will notice much. Banks are flush with cash and still very reluctant to lend after 2008. Household debt has plunged since 2007, and falling gas prices and low borrowing costs have left people feeling wealthier than 2% wage increases would let you know.
The only thing that would be of concern is if the Fed raised them too hard, too fast (like they did 1994-1995), but with Yellen at the helm, that's not happening.
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