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2026-10-31 01:38:40
Federal Reserve official Logan stated that while long-term interest rates have risen, the drag on the economy has not been as significant as the market had previously anticipated. This phenomenon has also sparked discussions about the efficiency of monetary policy transmission. Many analysts believe that factors such as the resilience of household and corporate balance sheets and the market's prior digestion of higher interest rates may be important reasons why the economic downturn caused by rising interest rates is weaker than expected.
