Wall Street debates if Fed rate hikes contribute to the US economic boom, contradicting mainstream views.
Wall Street debates a fringe economic theory: Fed rate hikes may be sparking US economic boom. Despite warnings of an imminent downturn, the US economy is minting new jobs and confounding experts. Some argue that the economy's strength is due to higher interest rates, providing income from bond investments and savings accounts. This theory contrasts with mainstream academic and financial views.
April 16, 2024
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