Industry NewsMortgage

Fed foolish to raise rates now

Commentary: Despite U.S. problems, turmoil yet to unfold in Asia, Europe
Published on Jun 13, 2008

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by CareyBot

The credit markets have concluded that inflation risk now forces the Fed into a sustained series of increases in its overnight rate, presently 2 percent. Interest rates — all of them — spiked in the last 10 days. Lowest-fee 30-year ...