Adnan Zai Shares the Impact of Interest Rates on Cleveland

Adnan Zai, Advisor to Berkeley Capital Beachwood, lives and works in Beachwood, and the economics of the surrounding Cleveland area are of extreme importance to him. He has watched with keen interest the effect that the pandemic and recovery has had on the area, and recently sat down to talk to us about how Cleveland is stacking up to the nation in terms of economic recovery. Mary Kraven: It is no surprise that the economy has been on a roller coaster ride for the past few years. On July 26, 2023, the Federal Reserve announced yet another quarter-point hike. With the most recent hike, rates in the U.S. have increased [...]