The subtle shift in financial markets indicates that the US economy may be able to handle higher rates

There is a subtle shift taking place in some corners of the financial market towards the idea that the US economy may be strong enough to handle higher interest rates that reduce inflation. Signs of that shift in sentiment were evident in fed funds futures, where traders mostly weighed the chances of a rate cut … Read more

The subtle shift in financial markets indicates that the US economy may be able to handle higher rates

There is a subtle shift taking place in some corners of the financial market towards the idea that the US economy may be strong enough to handle higher interest rates which can help reduce inflation. Signs of that sentiment shift were evident in Treasuries, where yields remained substantially higher across the board on Wednesday, led … Read more

Automakers warn that most electric vehicles won’t qualify for the federal tax credit

But the auto industry warns that the vast majority of electric vehicle purchases won’t qualify for such a large tax credit. This is mainly due to the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America from minerals mined or recycled on the continent. And … Read more