With the Federal Reserve voting this week to raise target interest rates, a new ICBA blog post details what the move means for community banks and the communities they serve.
Rate Hike Impact: The post from ICBA Assistant Vice President of Policy Research and Economist Noah Yosif spotlights the impact on community bank balance sheets, how excess liquidity will affect net interest margins, the market response, and more.
Community Bank Outlook: “While the challenges of high inflation are far different from those of high unemployment only two years ago, community banks maintain robust financial capabilities to shepherd their customers and communities through another major turn in the economic cycle,” Yosif writes. Read the post.