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Borrowers take a hit as Fed rate hikes kick in

Friday, June 15, 2018 - 01:44

The world’s largest central bank is pulling back the economic props put in place after the financial crisis, presenting a new challenge for the so-far sturdy global recovery: a possible slowdown in consumer spending due to rising interest rates.

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The world’s largest central bank is pulling back the economic props put in place after the financial crisis, presenting a new challenge for the so-far sturdy global recovery: a possible slowdown in consumer spending due to rising interest rates.

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Borrowers take a hit as Fed rate hikes kick in

Friday, June 15, 2018 - 01:44