Guckes: Rising interest rates further slowing investment spending - constructconnect.com - Daily Commercial News

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.ConstructConnx senior economist Michael_Guckes says rising interest rates are further slowing investment spending.

September 21, 2022

Achieving this feat will be a considerable task as it requires the right balance of slowing down the various elements of total economic activity, as measured by Gross Domestic Product, without sending it into reverse. As interest rates increase, the cost of borrowing money used for making investment purchases increases, driving up the cost of such projects and driving down their return.

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