/Heresy Financial: Interest Rates are Surging and the Economy Can’t Afford it

Heresy Financial: Interest Rates are Surging and the Economy Can’t Afford it

Yields, especially at the long end of the curve, have started to rise dramatically. This is in anticipation of the federal reserve’s response to inflation. As the fed finishes tapering their asset purchases this year and starts hiking short term rates, this will put heavy downward pressure on growth, and the economy is not strong enough to handle it.