When Will Interest Rates Rise When QE3 Ends in October 2014
So when will interest rates rise when QE3 ends in October 2014?
QE3 refers to Quantitative Easing number three. Yes, there were 3 attempts; with the first QE1 that kicked off in 2008. QE, also known as the package of asset purchase and other measures in the USA, was meant to save the world from the Great Recession.
The US Federal Reserve is expected to end QE3 in October 2014.
For those in the know, you may have already tried to outguess the Federal Reserve officers and to position your financial investments for the inevitable rise of interest rates in the not-so-distant future.
For others who only care about Singapore savings account rates, the Federal Reserve are the ones who decide how long pathetically ultra-low interest rates will remain the torture for savings account investors.
By all accounts, no one knows the actual answer to the question of when will interest rates rise when QE3 ends in October 2014?
Nonetheless many have agreed that it would likely be the year 2015 when interest rates are expected to be raised.
Of more debate is the month in question. From an earlier "second half of 2015" position statement, some are predicting it could happen by mid-2015.
If conducive events unfold in the coming quarter or two, the prediction may change again.
So what do Singapore savings account rates readers do in the meantime?
May we suggest that you keep reading Singapore Savings Account Rates, to maximise your earned interest until QE3 ends and global interest rates rise.
One last question, how much will interest rates rise in the future?
We shall rise to answer that question, in another blog spot post, on another day.