Fed increases rates, but will business owners feel a pinch?

The Federal Reserve this afternoon, as expected, raised the nation’s benchmark interest rate, meaning some likely price increases for consumers but perhaps not the same for business owners.

The Fed raised the federal funds rate by a quarter of a percentage point, increasing the target range for the rate to 0.5 percent-0.75 percent, up from a range of 0.25 percent-0.5 percent. It’s the first increase in a year but just the second increase in a decade. By comparison, the fed funds rate in the…

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