Heading into the third quarter of 2022, the economic headwinds felt strong in the middle market. U.S. inflation levels were climbing to record highs, and the Federal Reserve was moving forward with a series of interest rate hikes. In its June survey of 400 owners and executives of middle market businesses, defined as those with $10 million to $2 billion in revenues, KeyBank found that most remain optimistic about their companies’ prospects in the coming months.
Macroeconomic headwinds stir trepidation…
