Interest rates impact nearly every corner of the economy, from the housing market to consumer spending. When interest rates rise, the effects are widespread, impacting personal finances as well. Below we’ll explore how rising interest rates might affect your personal...
Rising Interest Rates
How Rising Interest Rates Could Affect Your Finances
In a move to continue fighting high inflation, the Federal Reserve recently announced that it raised the federal funds rate 50 basis points (or half-a-percentage point). This follows the Fed’s 25 basis point increase in March, and it’s the biggest interest rate hike...
How to Adjust Your Retirement Plan to Offset the Impact of the Three Is: Inflation, Infrastructure, and Interest Rates
Inflation, which rose considerably last year, is likely to remain high through 2022, and some experts think that infrastructure legislation will only add to inflation. Throw in rising interest rates that were just enacted by the Federal Reserve, and you have a perfect...
How Rising Interest Rates Could Affect Small Businesses
On June 13, the Federal Reserve announced a hike in interest rates by a quarter-point, from 1.75 to 2 percent. This marks the second increase in 2018, and two more increases were suggested for later this year, with the central bank projecting an increase in the federal funds rate to 2.4 percent by the end […]