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Fed raises interest rates and predicts faster pace of future increases

latimes.com
Fed raises interest rates and predicts faster pace of future increases

Analysts said most households, though, would be able to absorb the higher borrowing costs, benefiting in part from the tightening labor market that should lead to higher wages. Powell said, “You will see wages go up, you'll see people at the sort of the margins of the labor force having an opportunity to get back in work. They benefit from that, society benefits from that.” He added that “you do not see excess credit growth” for households, while bank leverage is “significantly lower.”