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Michael J. Highfield

The Fed can do very little about high mortgage rates

The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...

Downgrade of U.S. credit rating shouldn’t be downplayed

The formerly pristine reputation of the U.S. government’s debt lost a little more luster after a prominent rating agency demoted Uncle Sam from its...
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