Comment: There is no way of knowing

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Michael Nystrom's picture

There is no way of knowing

Markets rarely do what they're 'supposed' to do.

Keep your eyes peeled.

The Fed doesn't really control interest rates. That is more MSM BS. The Fed follows the market - it doesn't set rates. The market is already pushing up rates on the 10 year:

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s...

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But to your point, yes, probably. Because the Fed doesn't want you "hoarding" your money in the bank. They want you to be terrified of losing your purchasing power to inflation so that you'll spend it. Your words indicate that their plan is working:

tired of earning only 1%

Invest in real estate! Invest in beanie babies! Buy stocks! Get that money out moving around in the economy. That is what the Fed wants.