Then tomorrow comes the big decision on interest rates.
That’s because the central bank is widely expected to hold interest rates steady for the second meeting in a row.
And in many economists’ view the third-quarter GDP report shows the economy isn’t growing at a sustainable pace.
Some FAQsQ: If the economy is growing too fast, why isn’t the Fed doing something about it?
Bond yields, namely the yield on the 10-year Treasury note, dictate the interest rates on credit cards, mortgages and auto loans.
Persons:
you’re, they’re, Biden
Organizations:
CNN, Federal Reserve