When Will Ben Bernanke Blink? Is the Federal Reserve’s Rate Raising Fight Against Inflation Going Too Far?

There is a lot of speculation and debate among economists about whether the Federal Reserve will raise the Fed’s short term interest rate to 5% in their meeting on Wednesday. One thing that is not receiving much attention in all of this is how these steady increases are effecting the bond market, and an inversion in that market has caused a change in mortgage interest rates that hasn’t been seen in over 20 years.