Financial conditions tighten again to temper heated US economy

After 525 basis points of interest rate hikes, financial conditions are now the tightest in a year, and biting. — Reuters

AFTER 18 months of relentlessly rising borrowing costs, the US economy is accelerating again, begging the question about when or if tightening financial conditions can slow the momentum.

After 525 basis points of interest rate hikes, financial conditions are now the tightest in a year, and biting.