Economic Recession Signs Loom As Interest Rates Rise Rising borrowing costs and consumer uncertainty raise concerns about potential recession amid economic indicators. Warnings of economic recession are becoming more pronounced as indicators like rising interest rates and fluctuated consumer sentiments coalesce to paint a troubling picture for many households and businesses. Recently, the Federal Reserve initiated its decision to raise interest rates once again, marking the highest levels not seen since the early 2000s. The cost of borrowing extends beyond mortgages to personal loans and credit cards, where increased interest rates mean higher monthly payments. If you feel the shake-up from rising interest rates, you’re not alone.

Source: Los Angeles Times November 21, 2024 09:40 UTC