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Today’s high interest rate environment is making borrowing money expensive, and while there could be rate cuts later this year, it’s looking less likely right now. Not only has inflation remained persistent, but the most recent U.S. jobs report shows continued robust economic activity. This, in turn, prompted one Fed official to warn that rate cuts may not materialize this year as previously expected.
“If we continue to see strong job growth, strong consumer spending and strong GDP growth, then that…
