If you been thinking of buying a home or a car, you have been startled by what's happening with interest rates.
That campaign is having a profound effect on the U.S. the world. Companies know it and feel it. They may well talk about it this week, when more than 1,500 companies report quarterly results. The question is if the pullback from 5% on the 10-year at last week's end is a one-time blip or something bigger. Possibly. Oil prices surged into late September and have slipped back, despite the Hamas-Israeli crisis.Rates moving so fast have slowed home sales in particular, with some lenders charging 8% or more for mortgages, and investors have had to recalculate the values they place on stocks.fell 3.2%, and the iShares Dow Jones U.S.
The Fed has signalled it won't cut its key federal funds rate until next spring. Wall Street is hoping rate cuts come sooner.