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January 26, 2023
The Bright Side of Interest Rates
Much has been said about the Federal Reserve’s (“Fed”) aggressive interest rate hikes throughout 2022. To be fair, it was a necessary effort (perhaps a necessary evil) to rein in inflation, which has hit highs not seen since the 1980s. While these rate hikes have had a negative impact on mortgage interest rates, car loan rates, and prices of bonds, there are some positives that will come from returning to a more historically “normal” interest rate environment.