Interest Rates Are Too High – Blame The Mythical R-Star

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Interest Rates Are Too High – Blame The Mythical R-Star

Interest Rates Are Too High – Blame The Mythical R-Star Authored by Michael Lebowitz via RealInvestmentAdvice.com, As we shared in a recent Daily Commentary about interest rates: The current unemployment rate is 4%, and the core PCE inflation rate is 2.6%. In December 2019, the unemployment rate was 3.6%, and the core PCE was 1.6%. At the time, Fed Funds were 1.5%. Here we sit today, with the unemployment rate .4% higher and core PCE 1% higher …