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The Conversation USA

Why higher interest rates should make you happy

  • Written by Jay L. Zagorsky, Economist and Research Scientist, The Ohio State University

The Federal Reserve just lifted short-term interest rates a quarter point and signaled that more hikes are to come over the course of the year.

The Federal Open Market Committee raised its benchmark lending rate to a range of 0.75 percent to 1 percent, as expected, and projected two more increases would be likely in 2017.

Numerous commentators have...

Read more: Why higher interest rates should make you happy

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