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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.
http://www.businessinsider.com/wall-street-economists-preview-september-fomc-2015-9?op=1
