Notably, following the 2008 financial crisis and the Great Recession, which came to end in mid 2009, the FOMC decreased the rate to zero, almost eight years ago on Dec 16, 2008. President Donald Trump's proposed infrastructure spending plans, tax cuts and reduced regulations are likely to spur economic activity, resulting in rise in inflation, leading to further hike in rates. Most financial entities like banks, insurance companies, brokerage firms and money managers will benefit from rising rates as margins expand, though consumption and investment will decrease.