General Motors and Toll Brothers faced consequences when the Federal Open Market Committee ________ between 2015 and 2017.This Fed action was considered partly responsible for decreasing demand for new automobiles and new houses in 2017.

Question

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The Federal Open Market Committee raised the target for the federal funds rate between 2015 and 2017. This resulted in increased borrowing costs for consumers, which in turn decreased demand for big ticket items like new automobiles and new houses. As a result, General Motors and Toll Brothers faced consequences.

General Motors and Toll Brothers Faced Consequences When the Federal