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Here’s Why the Fed Held Rates Steady and What it Means for Borrowers

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Inflation? What inflation? With inflation running below the Federal Reserve’s targeted 2 percent rate, the central bank elected to hold its benchmark interest rate steady at its targeted rate of 2.25 percent to 2.50 percent. For fashion firms and retailers looking to borrow money, that means nothing has changed for now, and current borrowing rates…

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