The Federal Reserve entering an interest-rate hiking cycle will have ramifications for the U.S. economy over time, stresses former Fed economist Vincent Reinhart.
“Mortgages will be a little more expensive. You may see some increases in loan rates. It will be harder to buy a car on credit. That is the slowing,” Reinhart, who is now chief economist at Dreyfus and Mellon, said on Yahoo Finance Live.
One could officially start the clock on these things happening.
The Fed widely delivered its first…
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