INTEREST RATES

Economists once thought they knew how borrowing costs affect the economy, but we have been proved wrong.

Inflation continues to weigh on the economy and it's unclear when prices will ease and supply chains will clear, especially given how vulnerable the economy remain to the pandemic

TOWN SQUARE | While mortgage rates are still extremely low by historical standards, rising rates do have an impact on buyers, particularly first-time buyers and others in high-cost housing markets who face affordability challenges.

The Federal Reserve is keeping short-term interest rates at zero to a quarter of a percent, which is where they've been for almost seven years. Still, most economists say the low rate cycle is about to conclude. Jill Schlesinger reports what will likely happen when it does.