The Federal Reserve’s policymakers kept interest rates flat Wednesday!

August 1st, 2024

Don’t just sit around, do something.

 

Today’s post is from Ronald D. Southard, CEO of SafeSourcing Inc.

  1. Interest on US debt was equal to 76% of income tax collected in June
  2. Consumers are paying as much as 26% on credit card debt and can’t afford basic needs.
  3. Non-bank lending rates are stupidly high, and terms are ridiculous.
  4. Bankruptcies continue to mount.
  5. In March 2024 alone, there were 59 new corporate bankruptcy filings most in part due to high interest rates.
  6. Several notable retail companies have filed for bankruptcy in 2024.

Yup, the policies are working so let’s just keep doing what we are doing.

SafeSourcing can help you reduce costs immediately. Then you can share it with your customers and employees.

Don’t just sit around, do something.

For more information on how the SafeSourcing Procurement as a Service can help your organization, or on our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.

 

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