The Fed's Rate Hike Sets Off Alarm Bells for the Fitness Industry The Federal Reserve's decision to raise interest rates for the first time in three years has sent shockwaves through various sectors, but one area that may not be feeling too anxious is the fitness industry.
When borrowing becomes more expensive, consumers tend to reassess their spending habits and cut back on discretionary expenses like gym memberships or personal training sessions.
However, a closer look at the situation reveals that rate hikes can have far reaching consequences for fitness professionals and entrepreneurs.