Interesting read from Business Insider, putting together the opinions from 17 global tier-one banks as to when they believe the Federal Reserve will raise the interest rates, and why. If the Fed does decide to raise the interest rate, a key question is whether investors of the growing online lending marketplaces will flock back to treasurys and corporate bonds, removing these tech start-ups' easy money punch bowl.
One thing is clear: no one has a very high conviction or a particularly convincing case for their call. The Fed brought its benchmark fed funds rate target to 0.00%-0.25% in December 2008 in its effort to stimulate growth and inflation in the wake of the global financial crisis. The question now is if the economy is ready for higher rates.