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October 12, 2018

Higher rates a sign of strength — and risk

  • Faster growth can produce some pain for the stock market and homebuyers as rates adjust upward.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — This week's dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultra-low interest rates to fuel growth.

    Borrowing costs are rising for companies, homebuyers and the U.S. government — all of which could eventually dampen economic growth.


     
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