End of an Era?

Forecasters are bracing for the end of the low-interest rate era

Succinct Summary: The Federal Reserve raised interest rates by 50 bps last week and signaled that more 50 bps hikes are on the table for at least the next couple of meetings. Monetary policy is still far from restrictive though. These rate increases are only enough to bring interest rates back to a neutral level. The Fed is hoping to avoid a recession b…