The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Powell said in remarks prepared for two appearances this week on Capitol Hill.
Businesses — take this claim seriously. Expect a 50 basis point raise in March and more to come. 2024 will be difficult economically, and who among us has not acknowledged that recession has started?
Your number one priority remains the same — manage cash. You will hear about reductions in employment, urgency to plan your cash flow…
So, take action. Communicate. Keep morale up.
My book gives you the tools to do just that: link