Banks told to prepare for higher rates
Last week, for the first time since 1996, Federal Regulators warned Banks to check their portfolios and give themselves "stress tests" to ensure they can handle a rise in interest rates. The guidance was meant as a reminder for the Banks to watch their risk exposure to higher rates but also confirms our thoughts that eventually (probably within the year) the Fed will begin a series of rate increases. Most experts think that kind of action would not be likely until unemployment rates get under 9%. We'll see... Read more at: Link to article in Washington Post
