There’s Good News Hiding in Today’s Low-Rate Environment
Forget about nominal rates; real rates are rising steadily, portending solid growth and a good environment for risk assets.
Ashwin Alankar
January 8, 2015
A police officer walks in front of the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Oct. 28, 2014. The Federal Open Market Committee meets today and tomorrow after six weeks of volatility in global financial markets. Since the FOMC met in mid-September, oil prices have tumbled 14 percent, and the Standard & Poor's 500 Index of stocks dropped as much as 7.4 percent from a record close. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
