Here is my take on this. Fat cat investors ( most after inheriting their money ) play the Stock Market while interest rates were low and money was pumped into equities. Now the fat cat gamblers, having made a boat load of money in the Stock Market over the last 10 years, want to take their profits and park it in cash and earn a nice rate of return. This is so less stressful on them and maintenance needed on their portfolios is greatly reduced. So they, the fat cats, always want the game rigged in their favor. F them.
How does the fat cat investor earn a nice rate of return when interest rates for safe investment-grade securities are actually LOWER now than they were two months ago — despite the recent FED rate hike?