
The Federal Reserve raised interest rates 0.25% on Wednesday, March 16 — the first rate increase since 2018 — and indicated it will gradually raise rates throughout 2022. Small-business owners could feel the impact of those rate increases with more expensive loans, higher credit card costs and slower business growth as the Fed works to cool the economy.
Read more here: https://www.nerdwallet.com/article/small-business/3-ways-small-business-owners-will-feel-a-fed-rate-increase