The Intelligence: higher-for-longer interest rates
The Intelligence from The Economist
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Resilience Amid Rising Rates
This chapter analyzes the surprising strength of the US economy despite forecasts of recession, with growth exceeding long-term expectations. It explores the recent spike in bond yields and its implications for borrowing costs while highlighting consumer spending resilience and the struggles of small businesses. The discussion also addresses the potential long-term effects on the housing market, banking system, and overall economic stability as interest rates remain high.
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