t’s not going to stop!
The Federal Reserve is taking steps to contain inflation by increasing the federal funds rate. With the Chinese demand driving up commodity prices, it’s important for companies to prepare for the impact of higher interest rates and higher costs. I believe that the Federal funds rate will reach 5.50% by April.
Help employees overcome their anxiety. Be honest in your communication and avoid sugar-coating. Encourage people to define the action steps they need to take.
By being proactive, we can mitigate the impact of the rising rates.