- December 20, 2021
- Posted by: Stratford Team
- Category: Business
What should worry small business leaders more — inflation or interest rate increases? What should business leaders do about the Fed’s pending moves?
These questions come to mind on news that starting in January, the Fed will start to taper — halving the monthly bond-buying program it unleashed when the pandemic began in early 2020.
What’s more the Fed plans up to three interest rate increases in 2022 and two more in 2023 and 2024, according to CNBC. Meanwhile consumer inflation rose 6.8 percent in November — a level not seen in 39 years, according to the Wall Street Journal.
For business leaders, inflation and interest rates are both affecting their ability to survive the pandemic. That’s because more than 70 percent of small business owners said that rising costs for goods and services “significantly impacted their operations within the past 12 months,” according to the latest Small Business Index report which surveyed 50 small-business…
