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This is The Marketplace Minute. I'm Justin Ho.

Stocks closed down on Tuesday. The Dow fell more than half a percent.

The S&P lost 4-10% and the NASDAQ gave up almost a tenth of a percent.

All the interest rate hikes that central banks have been making over the last few years

will hold back economic growth for more than a decade.

That's according to research from the San Francisco Federal Reserve.

It says higher interest rates can inhibit research and development.

They can also cause workers to lose their skills if they get laid off.

Both of those examples can hamper an economy's potential.

US factories received fewer orders in July compared to the month before.

That's according to the Commerce Department.

That's mostly thanks to a big decline in aircraft orders,

which are volatile month to month.

And oil prices rose on Tuesday.

West Texas Intermediate futures rose to around $87 a barrel.

That's up from around $67 a barrel earlier this summer.

I'm Justin Ho with The Marketplace Minute.