Tag: Higher

Cash-Rich Consumers Could Mean Higher Interest Rates for Longer

Cash-Rich Consumers Could Mean Higher Interest Rates for Longer

[ad_1] Washington’s response to the pandemic left household and business finances in unusually strong shape, with higher savings buffers and lower interest expenses. It could also make the Federal Reserve’s job of taming high inflation more difficult. The U.S. central bank is trying to slow down economic growth to prevent inflation from becoming entrenched. To […]

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