And speaking of those borrowing costs,
one gauge hit a fairly high level. What are we talking about here? That's right.
So the 10 and 30 year treasury yields hit their highest levels today since 2007.
And these gauges typically track mortgage rates
and they are a sign of investor confidence
while Rs rates are putting downward pressure on stock price
as the two typically move in opposite directions.
So as yields rise, investors see it as an indication,
the fed may need to continue raising rates in order to keep inflation in check.
Well,
the FED has two more meetings this year with
rate decisions coming November 1st and December 13 th
the central bank said its policy will depend on the incoming data.