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U.S. Commerce Secretary Warns High Interest Rates May Slow Economic Growth
U.S. Commerce Secretary Warns High Interest Rates May Slow Economic Growth
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BTCCSquare news:
U.S. Commerce Secretary Howard Lutnick emphasized the resilience of the national economy, projecting potential expansion exceeding 5% by early 2026. Despite this optimism, rising borrowing costs pose a significant threat to growth. Higher interest rates constrain business investment and household spending, creating headwinds for economic momentum.
Lutnick's remarks at the World Economic Forum in Davos highlighted concerns over global financial stability, particularly if trade tensions resurface between the U.S. and European Union. The current strength of the $30 trillion economy could face unexpected disruptions from external shocks.
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