✉news BusinessEconomy first seen 6 h ago, last 38 min ago, peak #5
Rate hikes may deepen America's K-shaped economy, strategist warns
Original: Raising interest rates may not slow down the U.S. economy but make it even more K-shaped: Strategist
A market strategist argues that Federal Reserve interest rate hikes may not slow the U.S. economy overall, but could instead make it more 'K-shaped' — with affluent households and asset holders continuing to spend and gain, while lower-income Americans face mounting pressure from higher borrowing costs and inflation. The comments add to debate over whether aggressive monetary policy is cooling the economy or simply widening the divide between its strongest and weakest sectors.
Why now: Investors are weighing how Fed rate hikes are affecting different parts of the U.S. economy.
Federal ReserveCNBCUnited States
Rank over time, top of the chart is #1. 5 snapshots from 6 h ago to 38 min ago.
Evidence
- Raising interest rates may not slow down the U.S. economy but make it even more K-shaped: Strategist · CNBC
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