High Interest Rates Likely Dampened Americans’ Economic Mood: Study Despite a strong job market and diminishing inflation, American sentiment towards the economy remains deeply pessimistic. Researchers suggest this malaise may be attributed to the recent end of low borrowing costs. This perspective is pivotal as it highlights that the public’s dissatisfaction stems not only from inflation but also from the primary method used to combat it: raising interest rates. This strategy has made loans for credit cards, vehicles, and more expensive, affecting consumer sentiment in ways not fully captured by conventional inflation metrics. The study implies that as the Federal Reserve starts to lower interest rates, possibly within the year, we might see an uplift in consumer sentiment. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts WGC: Gold Demand to Hit Record With Central-Bank Buying READ MORE U.S. Labor Market: Key to Economic Stability in 2024 Amid Federal Reserve Decisions READ MORE Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE The Asset that Soared 100X Past Gold READ MORE The Uncertain Path of the Global Economy in 2024: What to Watch READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment