Ep. 197 - Swings in US interest rates
Financial conditions in the US have tightened significantly of late, with a rapid jump in yields on longer-term Treasury securities, a material rise in the dollar, slowing in bank lending and continued weakness in equities. This argues for a slowing in growth of demand and GDP in coming quarters.
In this episode of the Economics & Country Risk podcast, a member of our US economics team discusses the sharp fluctuations in interest rates over the last month or two.
What’s behind the backup in long-term yields, and what does it imply for Fed policy?
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