| Robust US economy despite higher interest rates: A cause for concern?
25 Apr 24 74 min read
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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