Citizens: Federal Reserve’s ‘tough medicine’ slowing growth

PROVIDENCE – Second-quarter business conditions show a rise in unemployment insurance claims and a slowdown in small business creation, according to Citizens Financial Group Inc.'s quarterly Business Conditions Index that was released Thursday.  Interest rate hikes by the Federal Reserve are weighing on the economy, which can no longer lean on a strong labor market’s stabilizing effects.  “The second-quarter CBCI…

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