Bottom Lines: Local banks set to weather Fed rate rises - Press of Atlantic City: Southern New Jersey Business & Money - PressofAtlanticCity.com

Bottom Lines: Local banks set to weather Fed rate rises

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Posted: Saturday, August 10, 2013 11:00 pm

The prospect of the Federal Reserve tapering off its $85 billion a month in bond purchases caused interest rates to jump at the start of summer - bringing losses to bond investors and higher mortgage rates to home buyers.

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