✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #14
Record-high borrowing costs roil the US economy
Original: Record high borrowing costs roil US economy
Borrowing costs in the United States have reached record highs, putting strain across the economy. Elevated interest rates are weighing on consumers, businesses and financial markets, raising concerns about slower growth and tightening credit conditions. Commentators are watching how households and firms absorb the higher cost of debt in the months ahead.
Why now: Interest rates are at unprecedented levels and their effects on growth, credit and markets are a major economic concern.
Evidence
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