Lawler: Is The “Natural” Rate of Interest Back to Pre-Financial Crisis Levels?
CR Note: This is related to my note earlier this week: The "New Normal" Mortgage Rate Range
From housing economist Tom Lawler:
The resiliency of the US economy in the face of the “aggressive” Federal Reserve rate hikes since last March, combined with an increase in inflation-adjusted Treasury (TIPS) yields to levels not seen in almost 15 years, have led …
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