1.   Higher rates increase corporate borrowing costs and stunt consumer spending, meaning lower profits and less lending by banks.

2.   Higher rates increase corporate borrowing costs and stunt consumer spending, meaning lower profits for companies and less lending by banks.

3.   Higher rates increase corporate borrowing costs and stunt consumer spending, meaning lower profits for companies.

4.   Higher rates increase corporate borrowing costs and stunt consumer spending, meaning lower profits for companies and banks.