00:01:52
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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