Investor Kevin O’Leary Fears Fed’s Rate Hikes Could Spell Disaster For Small Businesses

  • Kevin O’Leary cautions against the Federal Reserve’s brisk interest-rate hikes, predicting economic instability.
  • The central bank’s decision to spike borrowing costs from almost zero to 5.5% in 18 months is concerning for O’Leary.
  • He argues that this pace of fiscal tightening could severely impact small businesses, representing over 60% of the economy.
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