For most American businesses, new Fed rate means loans now start at 10%-plus interest

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.

For most American businesses, new Fed rate means loans now start at 10%-plus interest
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.