U.S. Federal Reserve Chair Jerome Powell has indicated that interest rates may rise faster than expected, which could have a significant impact on hospice M&A trends. Rate hikes are the Fed’s primary weapon against inflation, which climbed at a record pace last year. The U.S. Department of Commerce in January clocked the run of inflation at 5.4%, which is more than double the Federal Reserve’s goal of 2%. Powell made his remarks in a hearing before the U.S. Senate Committee on Banking, Housing and Urban Affairs.
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Source: https://hospicenews.com/2023/03/07/interest-rates-likely-to-rise-impact-pe-hospice-buyers