On Bauer Business Focus – A conversation on a program bringing together investors, entrepreneurs and academic experts with Houston Public Media News 88.7 Business Reporter Andrew Schneider.
As oil and gas prices continue to fluctuate, middle market companies have cut down in spending.
Cadence Bank President Hank Holmes recently stopped by Bauer Business Focus to discuss how business spending has been impacted following the drop in oil and gas prices.
“I think that when you see cuts in spending you see, you see a cautious environment,” Holmes said. “This is not the first time that Houston has been through this. We have seen a number of times when oil falls and we reacted quickly this time to make sure that the energy businesses, primarily the energy services companies that you see, have had a reduction in their employment.”
There has been discussion in recent days about when and how the Federal Reserve will begin to raise interest rates.
“I believe that when they start raising rates, because they are so low today, it will have some effect on borrowing, but I don’t see it to be a material impact or impediment to individual companies borrowing money.”
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