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Interest rates going up this month?

EconoMeter panel anticipates Federal Reserve action -- or nonaction

Roger Showley, SAN DIEGO UNION-TRIBUNE

Friday, September 11, 2015

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Kelly Cunningham, National University System
Answer: YES

Although the Fed will probably not do it, they should raise the rate. This will result in a recession, but is necessary for the economy to recover and be truly healthy. Zero interest rates are an economic depressant on investment and stimulant on debt. As long as zero percent interest rates continue, the economy will not have strong growth. The longer the Fed waits, the more debt accumulates and the greater the interest rate to pay it off.