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First, What Are Long-Term Interest Rates? Long-term interest rates—such as the yield on the 10-year U.S. Treasury bond—measure the price of borrowing money for extended periods of time. They're typically shaped by: Expectations of inflation Central bank action…
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1. Inflation metrics (CPI, PCE, WPI) Why it matters: Inflation is like the thermostat central banks use to set interest rates. If inflation is cooling, the Fed, RBI, or ECB can cut rates — supportive for equities. If…