Meanwhile, we see little that would stop global economic momentum other than a sharp spike in real (versus nominal) interest rates, which could drive borrowing costs higher. (investmenteurope.net)
Global equities extended gains this week, and strong global manufacturing data suggested that economic momentum continues to improve. (mfs.com)
Rising rates generally occur in an improving economy, and the positive economic momentum that accompanies higher rates creates a net effect that has historically proven more positive than negative. (remonline.com)