Why rising interest rates are rattling investors

It's the latest sign that investors may be struggling to adjust to a new era, where returns are no longer juiced by the ultra-low interest rates that prevailed in the years following the Great Recession.

The Fed has less control over longer-term interest rates, such as Treasury bonds, which move mostly on expectations for future economic growth and inflation. It had been anchored at virtually zero for seven years following the 2008 financial crisis.

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