Is your investment portfolio built to thrive when interest rates rise?
Now is a good time to find out. After years of low borrowing costs, rates appear to be headed higher as the U.S. economy improves, inflation ticks higher and jobs become easier to find.
After another month of strong hiring in February, when a better-than-expected 235,000 jobs were created, Wall Street is now almost certain the Federal Reserve will increase rates when its two-day meeting ends Wednesday — the second time since December.