Corporate America Has Dodged the Damage of High Rates. For Now. Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.
Stocks Plunge After Fed Chair Warns of ‘Pain’ From Inflation Fight The S&P 500 fell 3.4 percent, its worst daily showing since mid-June, after the Federal Reserve chair spoke about the path ahead for monetary policy.