Rates — and politics — seem to be stabilizing post-hike

By March 17, 2017 Inman No Comments

Two broad sets of news this week: the Fed, interest rates and the economy; and a string of deeply reassuring political-economic events.

The Fed raised the overnight cost of money by 0.25 percent and long-term rates fell slightly.

That’s a fact. But many of the explanations verge on fables: the economy is tanking, inflation is falling and the Fed is done with hikes.

The U.S. 10-year Treasury note defines long-term interest rates here and worldwide. The 10-year jumped on the day after the election last fall, from 1.85 percent to 2.15 percent, in another 10 days to 2.35 percent, then 2.60...

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