TIME

Why a rate hike is an indicator of a healthy economy

FORGET ABOUT YOUR BRACKETS IN the March Madness pool. The surest bet this month has been that the Federal Reserve would raise interest rates at next meeting. And it did, boosting the federal funds target rate to 1% from 0.75% on March 15.

It’s now a lock, as the bookies say, that rates will continue to climb this year. The bookies in this case are the futures traders who have pegged the chances of

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