Goodbye Zero Interest Rates, Hello New Normal World

The Bank of Israel won’t follow the Fed’s rate hike, but the bond market could be affected.

Ami Ginsburg
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Janet Yellen, chair of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington D.C., U.S., November 4, 2015.
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington D.C., U.S., November 4, 2015. Credit: Bloomberg

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