The Federal Reserve and Janet Yellen have decided not to raise interest rates following Wednesday’s end to a two-day meeting.
The decision was mainly due to a poor May jobs report as well as an economic growth forecast dropping from 2.2% to 2.0%. This is the second time this year that the FED has lowered its expectations for the growth of the US economy.
Click here to read the full article from CNN.
The next possible action for an interest rate increase is in July when the Fed meets next.
So what does this mean for businesses? It means it’s time to take advantage of the historically low rates before they’re gone. It is important to lock in rates now while they are still low. We’re seeing a surge in equipment financing due to the realization that the economic and financial landscape may soon be changing. The opportune time to buy and finance equipment is now.
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TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.