Fed rate hike: speed and size matter more than the start

April 13, 2015 6:10 PM

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Experts and the media have obsessed for months about when the Fed will make its first interest rate hike. Will it be June? September? 2016?

But here's the catch: the liftoff date is just an appetizer. The main course -- the meat of the issue -- is how quickly the Fed raises rates. Will the Fed push rates up several times in the months that follow? Will those increases be small nudges or big jumps?

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