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October 5, 2018

Rising rates not a problem for small businesses — yet

AP Business Writer

NEW YORK — On the long list of concerns for small-business owners, the threat of rising interest rates is closer to the bottom than the top. Maybe not for long.

Rising rates are already starting to bite into some businesses' bottom lines, and the effect is likely to get stronger as the Federal Reserve continues to raise rates amid the strong economy. The Fed made its latest move last week, raising its benchmark rate by a quarter of a percentage point, and economists expect one more increase in December and at least a couple more next year.

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