the effect of interest rates

What will this mean?? - Everyone knows that the purpose of the federal reserve increasing interest rates is to slow the spend and encourage people to save. Well the IT industry will also feel the effects, like any other industry. This means that it is starting to become prime time to ensure that you're on the receiving end of some good bargans.

The lack of spend will actually increase competition within the market, such that you should start to see more competitive prices for service related products. Things like you internet connection deals and general consulting will have to compete for the reduced money within the market.

So while people curse over the direction of interest rates you should also look to the positives and in what it can mean for your business....