If you believe long-term interest rates are very high now, they might actually be considered rather low per the Federal Reserve’s data going back to 1977 on the chart above.

Bond yields have spiked across the globe. These charts show how higher borrowing costs been felt by US consumers and businesses.

Data: FactSet; Chart: Axios/Matt Phillips The escalating war with Iran and rising energy costs helped push up borrowing costs across the U.S. economy last week. Stocks largely yawned. Why it matters: It suggests that investors think it will take more than higher interest rates to slow the engine powering much of the market.

A compelling argument can be made that U.S. interest rates are higher than they “should” be relative to inflation. The implication of that argument is that rates are likely to decline in the coming months, which would be positive for the bond market.

The most important thing on Wall Street’s mind right now is interest rates. The stock market could initially deal with rising rates, as we saw from August through mid-December. But then rates rose far enough, fast enough, and for long enough to start ...

Silver price (XAG/USD) is up 1.8% to near $64.80 during the European trading session on Wednesday. The white metal trades firmly ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.

Current purchase mortgage rates are lower than refinance rates as of Monday. The 30-year fixed purchase rate is 6.67%, 6 basis points lower than the current refinance rate. The 15-year fixed purchase rate of 6.