U.S. Companies Scramble to Deal with Surging Interest Rates

Corporate treasurers in companies at all points on the credit-rating spectrum are coping with more than a year of interest rate hikes by cutting costs and paying down debt.

By Nina Trentmann & By Dayana Mustak | June 16, 2023 at 12:12 PM

Photo: An Apple store in Miami, Florida, on April 12, 2022.

As the Federal Reserve signals it will likely tighten the money supply further, corporate treasurers are scrambling to cope with the impact of more than a year of central bank rate hikes, taking steps like cutting costs and paying down debt.

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