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10min chapter
The Intelligence: higher-for-longer interest rates
Economist Podcasts
Resilience Amidst Rising Rates
This chapter examines the surprising strength of the U.S. economy despite rising interest rates and bond yields, which are reaching their highest levels since the global financial crisis. It highlights how pandemic-era savings have bolstered consumer spending and shielded the economy from immediate impacts, while addressing the mixed effects on small businesses and corporate debt. The chapter further discusses the implications of elevated rates on the housing market, banking sector, and potential economic growth pathways.
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