As intended, the Federal hold Boar...

As intended, the Federal hold Board's interest rate hikes earlier this year have slowed economic sprouting The only surprise is that the impact has been felt to such a degree quickly. Interest-sensitive sectors -- like family circles and cars -- have been the first affected through higher rates. Housing starts and auto sales the couple peaked in March, and each have declined through more than 10 percent since that time.

In the inferior quarter, however, economic growth continued at a capable 3.7 percent, higher than initially predicted and the third straight quarter above 3 percent This sustained pattern of product is ...