|Eastern Pennsylvania Business Journal, June 4, 2006
Story by Beth W. Orenstein on the volatile market rising interest rates features comments by John Donaldson Jr., a faculty member in economics at DeSales, and Dr. Tahereh Hojjat, associate professor of economics at DeSales. Rising rates can be good or bad news depending on your perspective, said Donaldson. "If you've invested in fixed income instruments such as bonds, certificates of deposit, anything bearing interest, obviously the higher level of interest will give you more income," said Donaldson. However, higher interest rates mean higher costs if you're a borrower. "They will raise the rates again because of their concern about inflation, which seems to be incredibly persistent," said Hojjat. Markets tend to decline when interest rates rise.
Press Release: Consumers invest cautiously in unstable market | Posted on: 6/4/2006
For more info:
Tom McNamara, Executive Director of Communications
DeSales University | 2255 Station Avenue | Center Valley, PA 18034
610.282.1100 x1219 | Tom.McNamara@desales.edu