The U.S. Federal Reserve has maintained its benchmark interest rates at 5.25% to 5.50%, a decision that has raised alarms about a potential recession. In the latest episode of BizBeat, host Hou Jing from CGTN delves into the implications of these high interest rates.
Economic experts like Bill Gross and Jeffrey Gundlach have warned that prolonged elevated rates could stifle economic growth and lead to a downturn. As businesses and consumers navigate this challenging financial landscape, the risks to the U.S. economy continue to mount.
Reference(s):
BizBeat Ep. 794: High rates persist – threat to U.S. economy
cgtn.com
