Investment Plans Show Pain of Fed Rates Reset

I’m Chris Anstey, an economics editor in Boston, and today we’re looking at Mark Niquette and Michael Sasso’s reporting on the interest-rate hit to businesses. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Amid all the doubts about how restrictive the Federal Reserve’s policy setting is and where inflation may be headed in coming months, there’s one clear reality: the longer interest rates stay where they are, the more pain they will inflict on those who have to refinance low-cost loans.