The Great Rate Shift: Why Your Mortgage Is Suddenly So Expensive The Federal Reserve's latest interest rate hike marks a significant shift in the US economy.
For nearly 15 years, low inflation and stagnant growth were the norm. However, this era is over, replaced by sticky inflation and faster growth driven by a perfect storm of factors.
A major contributor to this shift is the massive borrowing by tech giants like Alphabet's Google and Meta's Facebook to construct sprawling data centers.