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Tag: consumers spending

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Inflation And Tax Concept Of Rising Graph Of Inflation Rates And Currency
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October 31, 2023October 31, 202331 October 2023, TRENDS ON THE U.S. ECONOMIC FRONT – Oct 31 2023

HIGH INTEREST RATES THREATEN TO SPARK RECESSION

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On 23 October, the yield on the 10-year U.S. treasury bond broke up through 5 percent for the first time in 16 years. On 27 October, the average national interest rate on a 30-year, fixed-rate home mortgage topped 8 percent, according to Bankrate. The average credit card interest rate has reached 22 percent, the U.S. Federal Reserve reported.

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