The near-consensus among prognosticators a year ago was that the Fed would lower the Federal Funds Rate multiple times in 2024 after hiking rates 11 times in 2023 to combat inflation. Six months into 2024, we’re still waiting for the Fed’s first rate reduction. As a lower middle market private equity fund focused on acquiring niche B2B manufacturing and distribution businesses with enterprise values between $10-50 million, we wanted to offer a few thoughts on how the Fed’s continued reluctance t...
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