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...









