What would High Interest Rates do to Businesses Indirectly?

-Consumers spend Less - More Expensive to Borrow -Consumers save More - Less Spending [Does mean More for the Long Term] -Mortgages, Loans and Credit Cards will Charge Higher - Impacting how much Consumers can Spend -Non-Essential Goods will see a Drop in Sales - because Consumers can not Afford/need to buy Essential Goods