U.S.: So Far, The Interest Rate Bite Is More Like A Nibble
Are higher interest rates starting to pinch? If they are, the latest round of Federal Reserve tightening may soon end. So far, two key areas are feeling a twinge: housing and the stock market. Both have been leaders in the economy's soaring pace of late because they have supplied some of the jet fuel that has powered consumer spending. And both are generally expected to lead any coming slowdown.
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