Dean Baker: U.S. President Donald Trump war with Iran drives interest rates higher

Dean Baker: U.S. President Donald Trump war with Iran drives interest rates higher
U.S. Iran conflict pushes interest rates up

Dean Baker states that the conflict between U.S. President Donald Trump and Iran has led to surging interest rates, significantly increasing the cost of buying a home.

He highlights that the rise in rates is making housing unaffordable for many potential buyers.

Baker has previously commented on other major economic developments. He highlighted that China's economy now exceeds that of the U.S.. In a separate note, he observed a 50% decline in Oracle stock over the last year.

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