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Thursday, November 19, 2015

Is an Interest Rate Hike Overdue? | Mises Wire

Is an Interest Rate Hike Overdue? | Mises Wire



"The conventional wisdom is that lower interest rates boost stock prices, and that one of the drivers of the healthy stock market since 2009 has been the Fed’s low interest rate policy. I don’t disagree with the conventional wisdom in general. Lower interest rates tend to raise asset prices. But in this case investors seem to believe the Fed maintained that low interest rate policy too long."

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