The Biden administration has tried to make it easier for business owners to get loans. But high interest rates are a challenge.
The number of completed homes rose last month. But further up the housing pipeline, homebuilders are starting fewer projects right now.
Only a quarter of small businesses say they’re getting the credit they need, according to the National Federation of Independent Business.
The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.
In March, the average new car sold for $171 below asking price, according to Kelley Blue Book. But that’s still higher than before COVID.
Certificates of Deposit help banks bring in cash that they can use to make money by lending it at higher rates. Depositors may be looking to CDs as interest rates rise.
