Stocks slip, US yields steady but growth outlook dims

NEW YORK - Global equities slid and the 10-year Treasury yield traded close to a 16-year high on Monday amid rising concerns that the Federal Reserve's higher-for-longer message on interest rates will take a toll on U.S. consumers. Rising oil prices, a possible government shutdown in less than two weeks and the United Auto Workers strike against the Detroit Three automakers could all slow a U.S. economy that is still running strong with the pace of inflation too high. "There is concern about the economy and that's related directly to the increase in interest rates, the Fed funds rate. It's making it more difficult for people to buy houses, buy cars and borrow money in general," sai...Keep on reading: Stocks slip, US yields steady but growth outlook dims

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