This is so important and is rarely discussed in the financial media (No surprise).
Do you see how this LIBOR rate increasing will make a huge impact on the global financial markets?
We always pay attention to the Federal Reserve and their actions. And no doubt they are critical. But more attention needs to be paid to the LIBOR rate. Hundreds of trillions of dollars are using this and it could spell disaster as rates continue to rise.
3-Month London Interbank Offered Rate (LIBOR), based on U.S. Dollar | FRED | St. Louis Fed