Hello friends, I hope this newsletter finds you well. Today, I want to talk about the impact of high interest rates on the economy. As you may know, interest rates are the percentage at which banks and other financial institutions lend money to one another, and to consumers. The Federal Reserve, our central bank, sets interest rates in order to achieve certain economic goals, such as controlling inflation and promoting growth.
The impacts of high interest rate on the economy
The impacts of high interest rate on the…
The impacts of high interest rate on the economy
Hello friends, I hope this newsletter finds you well. Today, I want to talk about the impact of high interest rates on the economy. As you may know, interest rates are the percentage at which banks and other financial institutions lend money to one another, and to consumers. The Federal Reserve, our central bank, sets interest rates in order to achieve certain economic goals, such as controlling inflation and promoting growth.