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With the Federal Reserve’s policy rate currently at a range of 4.5% to 4.75% after raising rates a quarter of a point in February 2023, businesses need to be aware that further interest rate hikes may be on the horizon to maintain economic stability. The median forecast from Fed officials in December was for the policy rate to end the year at about 5.1%, signaling two more quarter-point hikes in 2023. In this blog, we will explore the potential implications of the next Fed interest rate hike, as well as how companies can make use of human resources outsourcing to remain competitive and manage costs