Long-Term Yields Rising
Richard discusses the implications of increased capital spending and the persistent low star levels influenced by demographic factors and rising savings. He highlights the expectation of higher long-term bond yields compared to the pre-pandemic decade, suggesting a steeper yield curve. Tracy raises concerns about the impact of rising long-term yields on mortgage rates, questioning the central bank's ability to effectively influence the real economy through housing costs.In this clip
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Odd Lots
Richard Clarida on This Tricky Moment for the Federal Reserve
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