Daniel Kruger

speaker

39 appearances 1 recordings 1 series first heard May 2018 last heard May 2018

Daniel Kruger’s voice in public audio — every appearance, attributed to the second.

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Your Money Briefing.

Money and market stories from The Wall Street Journal.

Yeah, that's right.

It's gone up a fair amount since the start of the year when the government passed that big tax cut.

And that tax cut did a couple of things.

It made a lot of people a lot more optimistic about the economy, and it made people have a lot more money in their hands.

And that spurred a certain amount of expectation that prices would go up, inflation would go up, and that leads to higher borrowing costs.

You're borrowing for good reasons usually, a new home, a new car, things that you feel optimistic about.

And when these things become more expensive, they're harder to do.

Yeah, mostly.

Mostly big ticket items.

Things that you would do a certain amount of saving for that would be big expenses that are, in one way or another, a little bit life-changing.

Right.

They want to make sure that the economy doesn't overheat, but they also don't want to tip the economy into a recession.

And so one sign...

of the idea that they might be going too fast in terms of slowing the economy would be if you see a real, you know, break on home purchases.

That's something that they don't want to do unless, you know, it's absolutely necessary.

And right now the economy has been growing pretty well and it doesn't seem necessary.

They'd like to prevent that if they could.

So when bond yields get higher, bonds pay a higher interest rate, and investors suddenly are presented with a choice.

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