How a Year of the Fed’s High Rates Has Affected the US Economy

 The central bank has kept borrowing costs at a more than two-decade high for a full year. The results have been somewhat surprising.

In the year since the Federal Reserve brought interest rates to a more than two-decade high, the central bank has succeeded in taking the steam off of an overheated US economy. But higher borrowing costs have also had some unexpected effects.

Higher-income households are reaping the benefits of a booming stock market and rising home values. Corporations are borrowing at a fast clip, and consumers continue to spend.

https://www.bloomberg.com/news/articles/2024-07-27/what-a-year-of-fed-s-high-rates-has-meant-for-the-us-economy