Businesses are dealing with a cavalcade of challenges in 2022, not least of all being rising interest rates and inflation. Juanita Schwartzkopf of Focus Management Group provides detailed guidance on how to help borrowers deal with increasing operating expenses and the rising rate environment.
Inflation has been on the rise for years, but it really surged in 2021 and will continue in 2022, creating an operating environment not seen since the early 1980s. However, inflation can’t be an excuse for poor business performance, particularly when there are strategies to find a successful way forward.
The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation.
The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets.
Bloomberg noted in a recent report that the Federal Reserve’s 2% inflation target looks a lot closer according to a price gauge favored by some policy makers.