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1-year high interest rates by Federal Reserve led to mixed economic outcomes, benefiting higher-income households but increasing unemployment, loan costs, and housing affordability issues.
1-year high interest rates by Federal Reserve impacted the US economy with mixed results.
Higher-income households benefited from thriving stock market, rising home values, & continued consumer spending.
However, higher interest rates led to rising unemployment, longer job searches, & costlier loans for small businesses & lower-income households.
The housing market was negatively impacted with mortgage rates at 7% & home affordability at its lowest in 3 decades.
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Las altas tasas de interés impuestas por la Reserva Federal durante un año llevaron a resultados económicos mixtos, beneficiando a los hogares con mayores ingresos pero aumentando el desempleo, los costos de los préstamos y los problemas de asequibilidad de la vivienda.