The Winners & Losers of Higher Interest Rates

The economy is a weird thing because no matter what happens to GDP growth, inflation or interest rates there are bound to be pros and cons, winners and losers. There’s no such thing as equilibrium in the economy. Inflation was low in the 2010s which consumers liked. But economic growth was slower and wage growth stalled out. People didn’t like that. Economic and wage growth have been better this decade but tha...