The Fed's long-term interest rate problem
- The Fed: 18 events in the last 90 days
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What happened
The relentless rise in long-term interest rates is starting to have effects on more parts of the economy, Kansas City Fed president Jeff Schmid told Axios Thursday. "You're starting to see some friction in some of the long-market users of credit," he said, pointing to multifamily housing and commercial lending. "Even on the mortgage rate side, it's starting to affect home prices, which is how the price of credit wor…
Summary assembled by rule from the sources below