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Higher interest rates are dragging down consumer stocks

Higher interest rates are dragging down consumer stocks
Photo: KXXV (ABC 25) News · view original

Higher interest rates aren't just hitting consumers' wallets. They're also taking a toll on some major consumer stocks. As borrowing becomes more expensive, shoppers are pulling back, especially on big-ticket purchases. RELATED STORY | Consumer confidence hits 12-year low as prices squeeze voters...

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