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Fed rate hike pushes Main Street loan interest over 10% for first time in nearly a generation - CNBC
12/14/22 at 7:02pm
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CNBC
Author
Eric Rosenbaum
46 words
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The Fed rate hike of half a percentage point moves the Prime Rate to a level that means business owners will be paying 10%-plus interest on debt.
Business & Industrial
Loans
loan interest
Fed
CNBC
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