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Discover the future of apparel trade with our latest report, Global Apparel Sourcing Market Trends and Patterns! Request Report down-aerrow Discover the future of apparel trade with our latest report, Global Apparel Sourcing Market Trends and Patterns! Request Report down-aerrow
         Discover the future of apparel trade with our latest report, Global Apparel Sourcing Market Trends and Patterns! Request Report down-aerrow Discover the future of apparel trade with our latest report, Global Apparel Sourcing Market Trends and Patterns! Request Report down-aerrow
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Prime Content | 
US faces economic slowdown: Lagging impact of high interest rates

19 Aug '24
104 min read
US faces economic slowdown: Lagging impact of high interest rates
Pic: Adobe Stock

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  • US economy is showing signs of a slowdown due to prolonged high interest rates, leading to rising unemployment, reduced consumer spending and a contracting manufacturing sector.
  • Inflation has dropped from 9 per cent to 3 per cent, but persistent high rates are straining economic stability.
  • The Fed faces pressure to lower rates to prevent further contraction.

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