Share this story
Close X
Switch to Desktop Site

[ No headline ]

Where, oh where, are US interest rates going? The recent run-up in the prime rate to 13.5 percent sent the stock market into a tailspin, and frustrated home buyers looking for cheaper mortgages. Yet some experts say the rise is temporary; lower rates should be seen within a few months.

Others are more cautious. The Federal Reserve Board, the nation's money manager, is caught in a squeeze between inflation and election pressures, one economist notes.

About these ads

One prediction, at least, gets wide acceptance: it is unlikely there will be another credit squeeze like last spring when mortgages were just about impossible to get.m

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.