What happens when there is an increase in interest rates 2024?
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Studied at the University of Edinburgh, Lives in Edinburgh, Scotland.
The only truly direct effect is that it becomes more expensive for banks to borrow money from the Fed. But, as noted above, increases in the federal funds rate have a ripple effect. ... When the banks make borrowing more expensive, companies might not borrow as much and will pay higher rates of interest on their loans.
2023-05-07 11:15:17
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Amelia Taylor
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The only truly direct effect is that it becomes more expensive for banks to borrow money from the Fed. But, as noted above, increases in the federal funds rate have a ripple effect. ... When the banks make borrowing more expensive, companies might not borrow as much and will pay higher rates of interest on their loans.
