U.S. Economy Less Interest Rate Sensitive
02 mins 17 secs
In the 1950s, 1960s, and 1970s, the U.S. economy was driven by housing and manufacturing. Fast forward, and the modern economy of the 2020s is a service-driven economy, and services are considerably less sensitive to interest rate swings than housing and automobiles.
CME Group Chief Economist Blu Putnam explains.
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