Fed's Higher-for-Longer Stance Hits Firms That Expected Rate Cut

A wood plank on a CNC woodworking machine at the SCM Group showroom in Duluth, Georgia, US, on Monday, May 20, 2024. American businesses and consumers started the year thinking interest rates would finally come down, making big plans to buy equipment or a house. Now all of that is on hold, slowing large swaths of the economy for the foreseeable future. Photographer: Dustin Chambers/Bloomberg via Getty Images
A wood plank on a CNC woodworking machine at the SCM Group showroom in Duluth, Georgia, US, on Monday, May 20, 2024. American businesses and consumers started the year thinking interest rates would finally come down, making big plans to buy equipment or a house. Now all of that is on hold, slowing large swaths of the economy for the foreseeable future. Photographer: Dustin Chambers/Bloomberg via Getty Images
Fed's Higher-for-Longer Stance Hits Firms That Expected Rate Cut
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20 May, 2024
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INTEREST RATES
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