Janet Yellen and the Fed are expected to raise interest rates for the first time in nine years later this week, probably by a quarter-point, reports USA Today. Some things to know:
- Even if the Fed acts, rates might well remain relatively low for years, despite some alarming predictions to the contrary. The Upshot explains.
- But if borrowers are worried about a slow and steady uptick in rates, here is what they can do to insulate themselves, per the Wall Street Journal.
- Rising rates could affect retirement portfolios in the form of falling bond prices, and CNBC has some advice on what to keep an eye on—along with a collection of other rate-related stories here.
- After deciding to raise rates, the Fed must then figure out exactly how to go about it. It's trickier than usual: The traditional method involving the federal funds rate will be "too unwieldy" now, reports the Washiington Post.
- Did this move come too late? The Los Angeles Times rounds up some views suggesting the Fed has only made things worse.
- And, of course, all these predictions about what the Fed will do this week might well be wrong, observes TheStreet.
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