Interest Rates Will Spike This Year: Soros

There will be a dramatic rise in interest rates as soon as there are clear signs the U.S. economy is picking up, billionaire financier George Soros told CNBC. Soros said that the U.S. needs to reestablish growth to help shrink its debt pile and that the Federal Reserve’s policy of buying U.S. deb…

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Interest Rates Will Spike This Year: Soros