Lance Roberts, chief investment strategist at Clarity Financial, makes the case in one chart that raising interest rates off ultralow levels during a period of tepid economic growth coincides with recessions in the following three to nine months.

... The rate increase comes as the U.S. economy has been growing at a lackluster pace. Government data show that gross domestic product -- the official report card of economic performance -- was growing at a seasonally adjusted pace of 1.9% in the fourth quarter compared with 1.6% in 2016 and 2.6% in 2015.

"Outside of inflated asset prices, there is little evidence of real economic growth, as witnessed by an average annual GDP growth rate of just 1.3% since 2008, which by the way is the lowest in history since...well, ever," Roberts wrote in a blog post March 9...'''

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