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May 17, 2018

How small firms can cope when interest rates rise

By SARAH SKIDMORE SELL
AP Personal Finance Writer

It's a good news-bad news situation for small businesses when interest rates rise.

The Federal Reserve says that the economy is doing well, so it has raised its key rates recently and is expected to do so again in the near future. The strong economy is great for most businesses, but higher rates will likely increase what it costs for them to borrow.


 
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