At this stage with the dollar hovering around the 0.76 to 0.79 range interest rate rises are not likely to rise in the near term. In the medium term a lot depends on the U.S rate although having done some in-depth research I struggle to see U.S rates rise sharply but rather gradually over time I'd say 2 to 3 years minimum before we see the normalisation of interest rate in the US They cannot go to quickly as they fear killing off inflation, they don't want the dollar to strengthen as this will kill exports competitiveness. By the same token currently growth is occurring due to stimulating economy through tax , low interest rate , low dollar Behind this growth we have the following The debt . http://www.usdebtclock.org/ Somewhere in the vicinity of 21 trillion and climbing Add the hidden cost of unfunded retirement pensions or 401k etc Currently estimated to be 20.4 trillion and growing annual at a rate of 900 billion https://tradingeconomics.com/united-states/interest-rate The current inflation is hovering between 1.8 - 2.1 % CPI adjusted Current wage growth Virtually zero https://www.bls.gov/news.release/pdf/realer.pdf Interest rates https://tradingeconomics.com/united-states/interest-rate ???."...........
