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RE: Surprise: Federal Reserve raising rates and Yields are dropping
FED rate hike means the end of the cheap money. Working off the prime rate, banks will determine how credit-worthy other individuals are based on their risk profile. Rates will be affected for credit cards and other loans as both require extensive risk-profiling of consumers seeking credit to make purchases. Short-term borrowing will have higher rates than those considered long-term.
That's right. And like every time, the average Joe will pay for banker's gambling game with printed money out of thin air. At this time it's pretty smart to own some silver, gold and most trustful cryptocurrencies.