Interest Rate Normalization Expected During Multi-Year U.S. Economic Expansion

NEW YORK and LONDON, July 1, 2013 /PRNewswire/ – The normal cyclical rise in interest rates, which was delayed due to the financial crisis and recession and by Federal Reserve actions to hold down bond yields, is now emerging, according to BNY Mellon Chief Economist Richard Hoey as outlined in his most recent Economic Update. “We believe that a persistent multi-year upward [...]