ilmscore | Prediction Details
"when interest rates go up now less people are borrowing money... less people are spending money which means less money gets created and less money is entering our economic system which cools down the economy this has an effect on our economic in system which takes time to realize"
By Minority Mindset | December 14, 2023 | Pending
From video
Why Fake Rich Americans Are Going Bankrupt 00:03:33 - 00:04:01
Interpreted Prediction
Higher interest rates reduce borrowing and spending, leading to less money creation and a cooling effect on the economy, with a delayed realization of these impacts.

Prediction Details

Topic
Economic Impact of Higher Interest Rates

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