( ) -q-19- UNDATED (Correspondent Jeremy House) “government’s own finances.” Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession. [CutID: <Cuts> INT-RATES-RECESSION-house-q-THUam.mp3 Time: 19s Title: INT-RATES-RECESSION-house-q-THUam Out-cue: government’s own finances] TAG: Correspondent Jeremy House reporting. The jump […]
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Rising long-term interest rates pose latest threat to economic ‘soft landing’
( ) -q-19- UNDATED (Correspondent Jeremy House) “government’s own finances.”
Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession.
[CutID: <Cuts> INT-RATES-RECESSION-house-q-THUam.mp3
Time: 19s
Title: INT-RATES-RECESSION-house-q-THUam
Out-cue: government’s own finances]
TAG: Correspondent Jeremy House reporting. 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.
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VERBATIM: Since mid-summer, the yield on the 10-year Treasury note has steadily climbed. That’s caused a spillover increase in other borrowing costs. The costs of mortgages, auto loans and credit card debt have all gone up in response. The collective impact of higher rates across the economy could also weaken the government’s own finances.