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May 29, 2019

Have interest rates been increasing? That depends on which interest you look at.

The FOMC started raising the Fed Funds Rate on December 16, 2015.  The FOMC did not increase the Fed Funds Rate again until December 14, 2016 but started to implement rate increases on a more regular basis going forward until December 19, 2018.  As shown in the table below, the 3-month Treasury Bill has increased...
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