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High Interest Rate Effects Press On Businesses And Policies
AP analyst John Cunniff describes broad consequences of high rates including policy loans rising to 21.32 billion by June, life insurers restrained by loan risk, small businesses squeezed by borrowing costs, new business and equity issues shrinking, and pension funds unsettling as turbulent markets persist.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Institute of Life Insurance
Federal Reserve Board
Dun & Bradstreet