Business & Finance

Fed rate hike foretells end of credit-market boom

Published December 15, 2016 Updated December 15, 2016 03:33pm

1 min

By Shoaib Ur Rehman

NEW YORK: US corporations have gone on a borrowing binge in recent years to fund stock buybacks and juice reported earnings.

The central bank's long-awaited move, and the prospect of more to come, alters the calculus.

Real growth rather than financial engineering will be the new game.

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