A Break from Tradition: How the Fed's Recent Policies Have Cost US Households The Federal Reserve’s recent interest rate hikes have deviated from the historical norm, resulting in a net loss in interest income for U.S. households for the first time in fifty years. While increases in the Fed’s rates typically lead to a net gain for households, the interest paid on mortgages, credit cards, and other debts has surged by nearly $420 billion since March 2022, overshadowing the $280 billion rise in interest income. This shift has led to a significant reduction in household net interest income, marking a departure from past trends. Although the impact of Fed policies on employment has not yet mirrored previous cycles, with no significant layoffs or wage stagnation observed, the decrease in net interest income has become a notable burden on consumer spending. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Market Holds Breath: Powell Speech and Payrolls Report in Focus READ MORE High Prices Dampen Gold Demand at India's Akshaya Tritiya Festival READ MORE Investors Warn AI Boom Obscures Broader Tech Sector Struggles READ MORE A Guide to Trading Gold and Silver Futures Contracts READ MORE Nasdaq and S&P 500 Continue to Climb, Celebrating Stellar February READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment