(Bloomberg) -- The U.S. economy's take-off from a
near standstill in the first quarter may prove bumpier than the
Federal Reserve and many on Wall Street expect as tighter credit
acts as a headwind to growth.
What started as a financing squeeze in the subprime-
mortgage market now threatens other parts of the economy.
Borrowing costs for companies are climbing as banks and
investors demand more for their money. Consumers feel the pinch
from rising interest rates and sagging house prices.
Read more at Bloomberg Currencies News
near standstill in the first quarter may prove bumpier than the
Federal Reserve and many on Wall Street expect as tighter credit
acts as a headwind to growth.
What started as a financing squeeze in the subprime-
mortgage market now threatens other parts of the economy.
Borrowing costs for companies are climbing as banks and
investors demand more for their money. Consumers feel the pinch
from rising interest rates and sagging house prices.
Read more at Bloomberg Currencies News
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