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  • How a Year of the Fed’s High Rates Has Affected the US Economy

    From bnnbloomberg.ca

    In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking the steam off of an overheated US economy. But higher borrowing costs have also had some unexpected effects. Higher-income households are reaping the benefits of a booming stock market and rising home values. Corporations are borrowing at a fast clip, and consumers continue to spend. But in other ways, a year of high interest rates is finally beginning to take a toll. Americans are searching longer for jobs, and the unemployment rate has inched higher. Small businesses are feeling the ... (full story)

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