If the Federal Reserve raises interest rates too quickly, it could potentially slow down economic growth. Higher interest rates make borrowing more expensive, which can discourage businesses from investing and consumers from spending. This can lead to a slowdown in economic activity. Additionally, it could also lead to a stronger dollar, which makes American goods more expensive for foreign buyers, potentially hurting exports. Lastly, it could lead to a fall in asset prices, as higher interest rates make bonds more attractive relative to stocks.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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