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The Fed's long-term interest rate problem

The relentless rise in long-term interest rates is starting to have effects on more parts of the economy, Kansas City Fed president Jeff Schmid told Axios Thursday. "You're starting to see some friction in some of the long-market users of credit," he said, pointing to multifamily housing and commer…

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  1. 2026-10-01 16:48 · Axios AI+
    The Fed's long-term interest rate problem

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