wbjournal.com | December 25, 2023 | Worcester Business Journal 7
ECONOMIC FORECAST 2024
WBJ reader survey
We have been at the
forefront in developing
policy in our region that
helps drive
economic
growth and supports
community engagement.
ngrid.com
The Federal Reserve raised interest rates significantly over
the last year in order to bring down rising inflation. While
inflation has come down, the Fed has pledged to keep
interest rates higher until inflation is closer the Fed's 2%
target. The higher interest rates have impacted a number
of industries, such as banking and real estate.
No, higher interest
rates have been a
positive for us
Is your business
negatively
impacted
by current
interest
rates?
Yes, significantly
25%
Yes, somewhat
54%
No
15%
6%
