Oct 9, 2024
Rob Tetrault on interest rates and economic growth
Wealth management expert Rob Tetrault, senior fiduciary portfolio manager at CG Wealth Management, recently analyzed central bank interest rate hikes and their impact on the economy. As head of The Tetrault Wealth Advisory Group, Tetrault highlighted how rising rates influence inflation, borrowing costs, and consumer spending.
Tetrault explained that higher interest rates can curb inflation by reducing demand, as borrowing becomes more expensive for businesses and individuals. However, he also warned of potential drawbacks, including slower economic growth and increased debt servicing costs.
While rate hikes are intended to stabilize prices, they can also lead to reduced investment and spending, which may hamper overall economic activity, noted Tetrault.


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