‘Virtuous cycle’ of low interest rates is working

Source: John Waggoner, USA Today

Savers and those who rely on bond market returns for income despise the ultra-low interest rates the Federal Reserve has kept in place since 2008.

If you're a home builder, you probably love them, and Wednesday's housing starts number for November, due out at 8:30 a.m. ET, likely will reflect the ongoing benefits of low interest rates for the housing market.

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