As war in the Middle East continues, what’s the economic view like for the Fed, consumers, and businesses?
On Monday, bond traders weren’t exactly rushing for a safe haven.
Bond traders seem to be betting that rates may already be close to a level that keeps inflation down and the labor market strong.
The 10-year note is around the highest level since July. Traders expect mild but persistent inflation to restrain Federal Reserve rate cuts.
The federal funds rate, set by the Federal Reserve, is just the first layer that goes into determining mortgage rates.
