Found this article below quite interesting. Attributing increasing interest rates to an economic boom is tantamount to saying pressing the brakes on a car is now making it go faster, but after reading this I’m starting to believe it.
https://www.bnnbloomberg.ca/what-if-fed-rate-hikes-are-actually-sparking-us-economic-boom-1.2059605
Edit – TLDR main points of the article:
1. People are now earning more interest from savings accounts and bond investments and thus have more disposable income.
- Many have locked in at historically low 30 year mortgage rates in the US therefore shielding them from the effects of increased interest rates.
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