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Rising long-term interest rates pose latest threat to U.S. economic ‘soft landing’

Por: Portland Press Herald World October 05, 2023

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A man fuels his truck at a gas station in Palatine, Ill., on Sept. 13. Nam Y. Huh/Associated Press WASHINGTON – 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. Since mid-summer, the yield on the 10-year Treasury note, a benchmark for many loans, has steadily climbed, causing a spillover rise in other borrowing... + full article



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