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Why the Fed keeping rates higher for longer may not be such a bad thing

Posted on AllSides April 24th, 2024
From The Center
Economy and Jobs, Inflation Rate, Federal Reserve
Mandel Ngan | Afp | Getty Images

With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.

So what if policymakers just decide to keep rates where they are for even longer, and go through all of 2024 without cutting?

It’s a question that, despite the current conditions, makes Wall Street shudder and Main Street queasy as well.

“When rates start climbing higher, there has to be an...

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