How Higher Interest Rates Impact Arizona’s Small Businesses
The Federal Reserve is expected to raise interest rates Wednesday — for the third time this year.
Rates are raised with the hope of leading to other positive changes in the economy. In the months since the last rate hike, job numbers have been high and the GDP robust… but the decision ripples out in other ways, affecting everyone.
What are the effects of that on Arizona’s small businesses?
To find out, The Show turned to Craig Jordan, who specializes in lender relations with the U.S. Small Business Administration.