Asst2RegionalMngr t1_j1c6cji wrote on December 23, 2022 at 5:23 AM Reply to comment by Littlebotweak in The US economy grew much faster than previously thought in the third quarter by barrinmw The cost of borrowing keeps increasing as interest rates rise. Companies can't just keep hiring with free money anymore. They have to pay down their debt and cut costs. It has nothing to do with the strength of the economy. Permalink Parent 1
Asst2RegionalMngr t1_j1c6cji wrote
Reply to comment by Littlebotweak in The US economy grew much faster than previously thought in the third quarter by barrinmw
The cost of borrowing keeps increasing as interest rates rise. Companies can't just keep hiring with free money anymore. They have to pay down their debt and cut costs. It has nothing to do with the strength of the economy.