“Expectations for both inflation and growth down the road are starting to improve and normalize,” said Julia Coronado, president and founder of MacroPolicy Perspectives. So far, that’s mostly good news, Coronado added. “There’s an expectation that the economy will function normally and in a healthy way down the road,” she said. “Of course, if bond yields rise too much too fast, that could hurt the housing market. I don’t think we’re there yet, but that would be the concern if they keep going up. The Federal Reserve has been trying to keep rates down for some time.”
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