us interest rate

US growth slowed sharply last quarter to 1.6 per cent pace, reflecting an economy pressured by high rates

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The nation’s economy slowed last quarter, growing at an annual rate of 1.6 per cent in a sign that the high interest rates may be taking a toll on borrowing and spending. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services – decelerated from … Read more

What US still needs to be wary of even as economic risks from internal factors recede

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Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would likely result from an external shock – such as a conflict involving China – rather than from domestic economic factors such as higher interest rates. But respondents to a National Association of Business … Read more