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The reality of rate hikes

What does it mean

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Danielle DiMartino Booth, Money Strong

The reality of rate hikes.

What does it mean when a near zero Fed rate starts to move up?

A lot of things that aren't pretty.

Like what?

Like zombie companies that need cheap money to survive and can't afford to refinance at the new rates.

Note: Even without the rate hike, corporate defaults are already at the highest rate since 2009.