The Federal Reserve's rapid interest rate increases are reshaping the US economy, impacting everything from personal finances to business investments.
This shift follows a period of near-zero interest rates that led to debates about its effectiveness and consequences.
Higher interest rates have implications for economic growth, job prospects, wealth inequality, and financial stability.
The Federal Reserve raised interest rates rapidly, influencing Wall Street and personal finances.
The central bank's benchmark interest rate acts as a lever to control economic speed.
Low interest rates led to increased job opportunities but also worsened wealth inequality.
Real estate and commercial investments are affected by rising interest rates, leading to defaults.
Business dynamism and job growth may slow in a higher interest rate environment.
Debate surrounds the outcome of the current rising interest rate cycle, aiming for a soft landing.Global economic dynamics are affected by the Fed's decisions on interest rates.