FYI: t has been nearly a decade since investors have had to contend with the Federal Reserve raising interest rates. Or, from savers' viewpoint, it has been that long since the Fed did them a favor..
But Wall Street's No. 1 obsession this year is guessing how soon the central bank will start lifting its benchmark short-term rate from near zero — and, more important, how financial markets will fare when that day comes.
Predictions of investors' reaction range from Armageddon to a nonevent.
Regards,
Ted
http://www.latimes.com/business/la-fi-iq-investors-20150705-story.html#page=1
