Interest rates aren’t going up anytime soon

September 18, 2014

Rate hikes are still a ways out: that was the message from Janet Yellen and the Fed yesterday after the Federal Open Market Committee’s statement came out. However, Yellen also hinted that once interest rates do start to rise, they could go up faster than many currently expect. Rates are currently lower — and have stayed low for longer — than in any recovery in recent memory. Here’s what interest rates have looked like in every recovery since 1982:

ratehikes1

And here’s a breakdown of how long it has taken the Fed historically to raise rates:

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