Many analysts believed that the Federal Reserve was nearing the end of its rate hike cycle, as inflation was coming down and the U.S. central bank’s latest interest rate increase of 25 basis points was far less aggressive than previous rate hikes. Fed Chairman Jerome Powell on Tuesday suggested that rates will likely climb higher than policymakers had expected.
With the Fed signaling that it could continue to raise interest rates at an aggressive clip, it will be important for companies to have ample free cash flow. Free cash flow is…
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