Inflation, Fed Funds, and Economic Lags
A year after the last Fed's increases, its effects finally land and provide a final suppression to economic activity.
Burning Thoughts
A year after the last Fed's increases, its effects finally land and provide a final suppression to economic activity.
Longer duration 6.8 years resulted in a 12.7% loss of principal, significantly greater than the incremental gain due to interest earned (2%). A bad trade-off.