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Households Better Prepared for Rate Increases This Time

Wednesday, May 20, 2015

Earlier this week Freddie Mac asked if the housing market recovery could withstand a rate increase (the answer, with some qualification was yes).  Now the economists at Wells Fargo are asking the same about household balance sheets.

The banks Interest Rate Weekly concludes that should the Federal Reserve begin to increase rates as expected it will have a "muted" impact on households.  The balance sheets of households are critical to the economy as a whole given their importance to growth in consumer spending.


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