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Prime Content | 
Robust US economy despite higher interest rates: A cause for concern?

25 Apr '24
74 min read
Robust US economy despite higher interest rates: A cause for concern?
Pic: Adobe Stock

Insights

  • The trend of persistent inflation continues to trouble businesses, as it also suggests a possible delay in the US Fed's rate cut schedule.
  • However, the higher interest rates set by the Fed have not deterred the spending appetite of average US consumers.
  • The increase in apparel inflation has resulted in a reduction of the retail index by over 1 per cent.
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