Reported about 2 months ago
The Federal Reserve is expected to cut interest rates soon as inflation decreases and the job market cools. However, while a reduction in the federal funds rate may seem positive, its immediate impact on small businesses is expected to be minimal. Despite the Fed's efforts to manage inflation, many small firms face high financing costs, and it will take time for rate cuts to translate into significant relief. A drop in rates could eventually stimulate the economy, but any immediate changes in borrowing costs will be limited.
Source: YAHOO