Raising rates doesn't produce barrels. Why a Fed hike raises recession risk.

The 10-year Treasury yield topped 5% this week for the first time in nearly three years, and it has climbed more than a point since February as the war pushed oil higher. The Fed is expected to raise rates on Wednesday, with the market pricing a hike at roughly 90%. Our panel makes the case that tightening into an oil supply shock cannot fix it: rates do not produce barrels, and the consumer is already carrying a 30-year mortgage near 6.8% and credit card rates around 19%. Featuring: Jake Conley, Breaking Business News Reporter, Yahoo Finance Jessica Inskip, Director of Investor Research, StockBrokers.com Brooke DiPalma, Yahoo Finance Timestamps 0:00 The single most important number in financial markets 0:16 Can the Fed tighten the front end and hold the long end? 0:45 Why a one-off hike would be unusual 1:20 Can the US grow its way out of a yield problem? 1:55 What 5% does to a mortgage and a credit card 2:58 Credit cards near 19%, and the squeeze on spending 3:24 Rates do not produce barrels 3:32 Why this raises recession risk 3:57 Credibility, and 65 months above target 4:40 Why Fed independence became the story under Warsh 5:25 The White House weighs in the morning before 6:27 Competition for capital, and the AI build-out #FederalReserve #TreasuryYields #Inflation #Oil #RateHike #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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