4 Ways to Deal With High Interest Rates in Every Part of Your Business

With higher borrowing costs across the economy, it's time for businesses to get creative with spending and investing.

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By Daniel Altman

Thanks to inflation and the Federal Reserve’s response, interest rates are now at their highest levels in 15 years. The nationwide average for 30-year mortgages is over 6 percent, credit card rates have gone north of 23 percent and even the federal government is paying close to 5 percent on an annual basis to borrow for a few weeks at a time.