Federal Reserve Rates Mean More than You Think for Small Businesses
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Federal Reserve Rates Mean More than You Think for Small Businesses
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The Federal Reserve's Interest Rate impacts the value of the dollar. Dropping the Red rate lowers borrowing costs for small businesses, making loans (access to capital), lines of credit, and credit cards cheaper, freeing up cash for expansion, equipment, or operations, while boosting consumer spending by making mortgages and credit more affordable, leading to increased sales and potential hiring, through businesses must watch for increased competition and potential long term inflation, tune into this episode to see how the Fed dropping the rates twice in March of 2020 is affecting us in 2026!!!
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