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Can someone explain the systematic side-effects of the federal rate increase?
Can someone explain the systematic side-effects of the federal rate increase? From my very limited understanding, they’re trying to get people/companies to stop borrowing money by making loans more punishing, and incentivize putting money back into bank (banks need the money.) For example, I read that the increased rates benefit essentially any form of deposit (CDs, savings accounts, checking accounts, etc.) Otherwise, t...
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