Higher interest rates are weighing on consumption growth, with the drag on interest-sensitive goods outweighing any boost from higher interest income, Ernie Tedeschi says. The analysis points to persistent pressure on consumer spending as rates stay elevated. 📉
published
Higher interest rates are weighing on consumption growth, with the drag on interest-sensitive goods outweighing any boost from higher interest income, Ernie Tedeschi says. The analysis points to persistent pressure on consumer spending as rates stay elevated.
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