Why the U.S. Economy is Ready for Liftoff
May 12, 2015 at 06:00 AM EDT
The U.S. economy is once again underperforming expectations, as it has in the first quarter of the past five years. Yet despite the recent slowdown, the economy is ready for a Federal Reserve (Fed) interest rate hike. Indeed, as my colleagues and I write in our new BlackRock Investment Institute...