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This chart highlights how businesses and consumers dodged the blow of Fed rate hikes

The article from MSN Money discusses how, despite the Federal Reserve's aggressive rate hikes aimed at curbing inflation, both businesses and consumers have managed to avoid significant economic distress. According to the analysis, businesses have not experienced a sharp increase in borrowing costs due to their ability to lock in lower rates before the hikes, and many have substantial cash reserves. For consumers, the impact has been mitigated by fixed-rate mortgages and a strong labor market, which has kept unemployment low and wage growth steady. This resilience is illustrated through a chart that shows a divergence between the Fed's rate increases and the actual financial strain felt by the economy, suggesting that the traditional transmission mechanisms of monetary policy might be less effective in the current economic environment.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/this-chart-highlights-how-businesses-and-consumers-dodged-the-blow-of-fed-rate-hikes/ar-AA1wUJJ7 ]