World Class Faculty & Research / January 26, 2015

How Greece’s Woes Will Hit U.S. Pocketbooks

SMITH BRAIN TRUST -- Smith Professor Peter Morici says shifting European politics could have a depressing effect on U.S. interest rates. That's because uncertainty about the euro will cause Europeans to send money to the U.S., and that could push up stock prices and push down interest rates. “As the Federal Reserve raises rates this summer, the impact on mortgage rates will be more limited because of the uncertainty over the euro,” he says in an article at ABC News...

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