Interest-Rate Pain From Higher Inflation Has Barely Begun - The Wall Street Journal

Stocks, houses, corporate borrowers and the federal Treasury may not be ready for a world of much higher real interest rates.

Inflation hurts for many reasons, but one of the most important is that it usually means higher interest rates. Yet in the past year, while inflation has jumped 7 percentage points, the Feds short-… [+580 chars]

full article...