Cleveland Fed’s Hammack Says Rates Look High by Post-Crisis Standards
Cleveland Fed President Beth Hammack said rates are similar to levels in the 1990s but look high when judged against the period since the financial crisis.
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05:46:46 PM UTC
SquawkNews
By Howard SchneiderRising interest rates have put US Treasury yields more in line with historical norms, Cleveland Fed President Beth Hammack said on Monday, noting that if home mortgage rates fell back to 3% it would likely mean something had gone wrong in the economy.“The rates I see on the 10-ye…