US Economic Conundrum: Will Rising Interest Rates Affect Spending or the Job Market First?

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<p>It is a classic economic puzzle akin to the chicken-and-egg dilemma: as interest rates reach their highest levels in over two decades, which vital component of the economy will give way first—spending or employment? When consumers tighten their purse strings, businesses experience a drop in revenue, and this, in turn, can lead to layoffs as […]</p>
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