Here’s a prediction:
“US interest rates will rise – and hit 3.5pc by the end of 2017”, The Telegraph UK
“A momentous change looms large in the US. It seems highly likely that the US Federal Reserve will raise interest rates this week.”
“What makes the probable rise in interest rates so significant is not the size of the increase. The rate rise is likely to be a mere 0.25pc. But this would represent the first rate increase for nearly 10 years. Moreover, we all know that once rates have begun to rise, usually the process does not stop after only one increase.”
Does anyone believe we’ll see a rate increase by the Fed from 0.25% to 3.5% in the next two years?