The longest drumroll in the 102-year history of the Federal Reserve precedes its next interest-rate increase. That doesn't mean some of its effects won't be surprising.
“This is a major inflection point,” said Erik Davidson, chief investment officer for Wells Fargo & Co.'s private bank. “The end of free money is in sight.”
The policy-setting Federal Open Market Committee meets this week. It's expected to push the “liftoff” of interest rates till at least September. In preparation, here are some expected winners and losers and those whose fortunes are likely to stay steady after the Fed and its chair, Janet Yellen, raise the benchmark rate for the first time since 2006:
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