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12/14/22 at 7:02pm
Organization
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.
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https://www.cnbc.com/2022/12/14/fed-rate-hike-pushes-business-loans-over-10percent-for-first-time-since-2007.html
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