Don't believe everything you hear about the nation's economy right now, suggests veteran economist Lacy H. Hunt of HSBC Markets Inc.

He said he thinks interest rates, after surging on recent reports of unexpected strength in business conditions, are probably about as high right now as they will get in 1996.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.