How higher rates touch consumers, firms, investors

Associated Press
How higher rates touch consumers, firms, investors

FILE - This March 27, 2009 file photo, shows the Federal Reserve Building on Constitution Avenue in Washington. All it took was speculation that the Federal Reserve could slow its bond buying months from now _ and then a few words Wednesday, June 19, 2013, from Chairman Ben Bernanke to confirm it. The result is that record-low interest rates that have fueled economic growth, cheered the stock market, shrunk mortgage rates but punished savers are headed up. (AP Photo/J. Scott Applewhite, File)

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