Who Wins, Who Loses When Fed Raises Rates
Who Wins, Who Loses When Fed Raises Rates
The longest drumroll in the 102-year history of the Federal Reserve precedes its next interest-rate increase. That doesn’t mean some of its effects won’t be surprising.“This is a major inflection point,” said Erik Davidson, chief investment officer for Wells Fargo & Co.’s private bank. “The end of free money is in sight.”