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High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.

High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.

Jeanna Smialek
Author: Jeanna Smialek

Written by

Jeanna Smialek

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Interest Rates, Labor and Jobs, Mortgages, Prices (Fares, Fees and Rates), United States Economy
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