WASHINGTON (AP) - Surging interest rates are intensifying the challenges for the U.S. Since mid-summer, the yield on the 10-year Treasury note has steadily climbed, causing a spillover rise in other borrowing costs. economy and threatening to derail the Federal Reserve´s drive to tame inflation without causing a deep recession. The costs of mortgages, auto loans and credit card debt have all risen in response.
The collective impact of higher rates across the economy could also weaken the government´s own finances. The jump in longer-term rates coincides with other threats, from higher gas prices and this week´s resumption of student loan payments to autoworkers´ ongoing strike and the risk of a government shutdown next month If you adored this article and also you would like to acquire more info pertaining to best online casino nz please visit the website. .
