Today, the Federal Open Market Committee (FOMC) will meet for the final time this year. And there’s a very good chance that the FOMC will raise the federal funds rate, or fed rate, during this meeting by a quarter of a point from 0.50 percent to 0.75 percent.
Planning for the upcoming year can be an extremely difficult task for middle-market businesses and the uncertainty of election year politics has only made things harder. With the election over, analysts have a clearer forecast as to what is in store for these businesses in the next year. Read more of the predictions from our Cadence Bank Middle Market Banking Executive.