The volatility in the markets reflects fear over the impact of rising rates upon the wider economy and consumers. Household debt in America is over $13 trillion , higher than its previous peak in 2008. Ordinary people are already struggling. The MSM liars and presstitutes never once mention the impact of rising rates upon the population. Once rates start rising on mortgages, car loans, credit car loans etc then the economy will tank. I would be amazed if we get to rate hike 2 this year before the Fed retreats. A stock market collapse and QE to infinity beckon!