Neil Irwin’s latest at The Upshot blog is “Negative 0.5% Interest Rate: Why People Are Paying to Save.”

For one thing, the United States economy, and particularly its labor market, looks to be in stronger shape than that of many others around the world. So the Fed expects to be in interest-rate raising mode this year (though exactly how fast is very much in question). But even if the economy does take a turn for the worse, there’s no certainty that negative rates are the path the Fed would take. [NYTimes.com]


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