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Interest rates are rising, a bad sign as the economy slides toward recession

March 19, 2020

Rising interest rates are the last thing a weakening economy needs, but Treasury yields continue to rise even though the Fed is using its heavy artillery to drive them lower. Strategists say yields, which move opposite price, are going higher because a big government stimulus package could create $1 trillion or more in new debt on top of the already $1 trillion U.S. deficit.