The Federal Reserve has for months toyed with the idea of raising interest rates, repeatedly suggested rate hikes are forthcoming, and then backed off when economic forecasts offer a less sunny context than the central bank would prefer for its next move. But if the Fed does move ahead with its plans, the United States might also experience a bump from its current crime rates, which are at a historic low.
There's no direct causal relationship, of course, but crime rates offer a remarkably consistent mirror of interest rates over the past six decades. Social scientists argue that higher interest rates lead to economic stress, including job losses, and that in turn makes crime more likely. Increased divorce, suicide, and alcoholism are also correlated with greater economic stress.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How global conflicts are reshaping flight pathsUnder the Radar Airlines are having to take longer and convoluted routes to avoid conflict zones
-
Zohran Mamdani: the young progressive likely to be New York City's next mayorIn The Spotlight The policies and experience that led to his meteoric rise
-
The best film reboots of all timeThe Week Recommends Creativity and imagination are often required to breathe fresh life into old material
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
