Although Fed Chairman Jerome Powell announced in his 14 June 2023 press conference that there would be a pause in rate hikes, he also said that there are at least two more rate hikes to be expected this year that would add another 50 basis points to the current interest rates. As you know, many individuals and companies struggle with the high interest rates brought about by the 500 basis point rise in the Fed funds rate from 2022 to 2023. Rates have gone from almost zero to around 5% as the cost of lending for the banks, who have...