[rrggrr]

Companies and individuals with adjustable rate debt are going to feel this increase. For companies it not only impacts their interest rate, but also their ability to stay ‘in convenient’ with their loan agreements, and to obtain renewals. It means less discretionary cash for their customers as well. Those of us old folks who vaguely recall the early 1980’s remember the follow-on impact of successive rate increases - and make no mistake the Fed is just getting started; and is being joined by other countries engaging in similar efforts to control inflation.