(Reuters) - The surge in U.S. interest rates this week could spell higher costs for consumers, crimping their spending and cutting into economic growth.
Indeed, there is a sense globally that the days of low- cost loans and cheap money -- which fueled everything from consumer spending and investment strategies to company mergers -- may be over.
Read more at Reuters Africa
Indeed, there is a sense globally that the days of low- cost loans and cheap money -- which fueled everything from consumer spending and investment strategies to company mergers -- may be over.
Read more at Reuters Africa
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