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How higher rates touch consumers, firms, investors

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WASHINGTON (AP) — All it took was speculation that the Federal Reserve could slow its bond buying months from now — and then a few words Wednesday from Chairman Ben Bernanke to confirm it. The result is that record-low interest rates that have fueled economic growth, cheered the stock market, shrunk mortgage rates but punished savers are headed up. And once the Fed starts scaling back its bond...

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