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2. Using data from the St. Louis Federal Reserve (https://fred.stlouisfed.org/), analyze real and nominal interest rates, a. Find the most recent values for the following
2. Using data from the St. Louis Federal Reserve (https://fred.stlouisfed.org/), analyze real and nominal interest rates, a. Find the most recent values for the following four variables: i. 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) ii. Moody's Seasoned Aaa Corporate Bond Yiel iii. the 3-Month Treasury Bill: Secondary Market Rate (TB3MS) iv. University of Michigan Inflation Expectation (MICH). b. Using the most recent expected inflation rate, compute the expected real interest rate for each of the above three borrowing rates (for i, ii and iii). adveve theer c. Suppose the actual inflation rate is less than the expected inflation rate. Will borrowers or lenders be made better off
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