The Real Reason Interest Rates Are Rising

A curious thing is happening with interest rates -- often the single-most critical influence behind economic and business decisions. Since the financial crisis, the costs of borrowing have sunk to historic lows after staying relatively low for the most part since the early 1980s.

But that's changing, as rates are rising again. And it's unexpected because interest rates charged by lenders, in general, rise when the economy is either doing pretty well or pretty badly. Needless to say, the economy is doing neither. It's indeed improving, but more than that, it's merely idling along with 7.6% unemployment and millions of people without jobs.

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