The impact of the FRB's one-year high interest rate policy on the US economy - verified with a graph
2024/7/29 13:04 JST (some excerpts)
The FRB maintained policy interest rates at a high level for the first time in about 20 years for 1 year
Interest rate hikes are also having some unexpected effects
One year has passed since the US financial authorities raised policy interest rates to a high level for the first time in over 20 years, and they succeeded in slightly suppressing the overheated US economy. However, interest rate hikes have also had some unexpected effects.
High-income households are enjoying the benefits of a booming stock market and rising housing values. Businesses are borrowing at a rapid pace, and consumers are continuing to spend.
The FRB maintained policy interest rates at a high level for the first time in about 20 years for 1 year
Interest rate hikes are also having some unexpected effects
One year has passed since the US financial authorities raised policy interest rates to a high level for the first time in over 20 years, and they succeeded in slightly suppressing the overheated US economy. However, interest rate hikes have also had some unexpected effects.
High-income households are enjoying the benefits of a booming stock market and rising housing values. Businesses are borrowing at a rapid pace, and consumers are continuing to spend.
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