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Why the Fed keeping rates higher for longer may not be such a bad thing
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&;#63;
It’s a question that‚ despite the current conditions‚ makes Wall Street shudder and Main Street queasy as well.
“When rates start...