Tag Archives: Higher Interest Rates

Higher Interest Rates Could Hurt the Fragile Consumer Driven Economy

Higher Interest Rates

In March 2017, the Federal Reserve raised the interest rate once again. This is the third time the Feds upped the rate since the 2008 financial debacle. According to Fed Chairman Janet Yellen, more hikes are coming. Higher interest rates mean it cost more for companies to borrow money, and it cost more to expand their business ventures. Consumers pay ...

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