Breaking news: Interest rates hit record high after 22 years
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The bio for Dr Boyce
Dr Boyce Watkins is a Finance PhD and founder of The Black Business School. He’s also the author of the books, “Black American Money” and “The 10 Commandments of Black Economic Power.”
Dr Watkins is one of the leading black wealth experts on earth and has helped millions of people learn the secrets to black wealth and economic power.
You can learn more about Dr Watkins and his work on the following platforms:
Website: BoyceWatkins.com
Twitter: @DrBoyceWatkins1
Instagram: @TheRealBoyceWatkins
You can also study under Dr Watkins by joining his Stock Market Investing class at TheBlackStockMarketProgram.com. You can learn how to generate income by selling stock options by registering at DrBoycePrime.com.
To learn more about The All Black National Convention, please visit AllBlackNationalConvention.com.
To receive free Dr Boyce Profit alerts for stocks to buy right now, please visit DrBoyceProfitAlerts.com or text the word Stock to 31996.
To learn more about Dr Watkins’ book, “The 10 Commandments of Black Economic Power,” please visit BoyceWatkins.com
Rising interest rates make borrowing costly, reducing consumer and business spending. This slows economic growth as consumption and investment are key GDP components. Higher interest rates also increase debt repayment burdens, causing consumers to cut back on spending. Simultaneously, they make saving more attractive, further reducing consumption.
The stock market is a forward-looking indicator because it reflects investors' collective expectations about future earnings. Stock prices today are based on future projected profits of businesses. Therefore, changes in stock market trends often precede shifts in the broader economy.
#InterestRates #EconomyExplained #StockMarketPredictions #FinancialLiteracy #Investing101 #FiscalPolicyEffects #MonetaryPolicyImpacts #EconomicTrends.
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