The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, credit cards and much more, our columnist says. Banking and Financial Institutions, Government Bonds, Interest Rates, Stocks and Bonds, Protectionism (Trade), Content Type: Service, Oil (Petroleum) and Gasoline, Immigration and Emigration, Personal Finances, Federal Reserve System, Treasury Department, Bessent, Scott The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, credit cards and much more, our columnist says. NYT > Business
Which Interest Rate Should You Care About?
