From the Federal Reserve’s point of view, things are going great. The economy is expanding, inflation is finally starting to see some signs of life and unemployment continues to drop. And with that, the Fed has continued to ratchet up benchmark interest rates to a more normalized level.
While that might be great for savers who have had to deal with lower/non-existent yields for roughly a decade, for investors the news could be a downright catastrophe.
That is according to a new report from Goldman Sachs. Analysts expect that benchmark rates will continue to rise and have dire effects on the entire market. Investors might want to prepare themselves for a big-time correction.
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