Much like the Colorado Rockies’ baseball season, which lasted longer than anyone thought, the era of record-low, long-term interest rates appears to be over with Prime, LIBOR and Treasury Rates at levels not seen in quite a few years.  But where are rates headed from here?  Is there enough factual evidence to warrant four more increases to the Fed Funds rate as currently anticipated?  Let’s take a look at how we got here and all of the factors currently at play.

In 2008 when it was clear that we were in a recession, then Federal Reserve Chairman Ben Bernanke lowered the target Fed Funds Rate to 0% in an effort to stimulate the economy by encouraging borrowing by both consumers and businesses.