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...

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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 […]

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