FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


PayNet: Fed Cuts to Bond Buys Good News for Small Business

September 17, 2013, 07:01 AM
Filed Under:

Reuters reported that according to research from PayNet, worries that a reduction in the Federal Reserve's bond-buying program will slow investment at small U.S. businesses are misplaced.

According to the Reuters report, instead, firms are likely to interpret any Fed move to pare its $85-billion-a-month bond-buying stimulus as a positive referendum on the economic outlook, PayNet said in a report released on Tuesday.

Reuters quotes PayNet President Bill Phelan saying, "Everybody thinks that higher rates are going to slow the economy. But rising rates really mean more borrowing. That's because growth is occurring in the economy."

To read the full Reuters article, click here.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.