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December 15, 2016 05:26 pm GMT
The Federal Reserve yesterday raised its benchmark interest rate to a range of 0.5 percent to 0.75 percent, up from 0.25 percent to 0.5 percent. People in the business of venture-backed startups were paying attention, too, and not because of the new range, which is still superlow by historical standards. It’s what the move augurs – even higher interest rates in 2017 –… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VS3PQjAHF84/
Heres what that new Fed rate increase means for venture-backed startups
The Federal Reserve yesterday raised its benchmark interest rate to a range of 0.5 percent to 0.75 percent, up from 0.25 percent to 0.5 percent. People in the business of venture-backed startups were paying attention, too, and not because of the new range, which is still superlow by historical standards. It’s what the move augurs – even higher interest rates in 2017 –… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/VS3PQjAHF84/
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