Economics

Why Does Wall Street Want Higher Rates?

The explanations offered by pundits don't make much sense.

Maybe looking up will help.

Photographer: Sebastien Micke/Paris Match/Getty Images

In the celebrated sci-fi comedy "The Hitchhiker’s Guide to the Galaxy," a supercomputer determines that the answer to life, the Universe, and everything is the number 42. The really difficult task, however, is figuring out what the question was in the first place. 

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