Money with Murphy: What’s Driving the Increase in Long-Term Interest Rates?
Last week’s Fitch Ratings downgrade and shift in interest rates brought the ten-year Treasury yield to almost 4.2%. While the Federal Reserve controls very short-term interest rates, long-term interest rates have more freedom to move higher or lower. So, why exactly are we seeing an increase in long-term rates now? Learn more in this week’s Money with Murphy.