Posts Tagged ‘Interest Rates’
The following is a guest blog post:
Over the last year, there has been quite a bit of chatter about the Fed and its intent to raise the interest rate. The current state of the economy seems to the catalyst for the change, but not everyone is convinced an interest rate increase is in their personal best interest.
Many consumers are worried that an interest rate hike could negatively impact their financial situation – a natural response to what the media makes out to be a fairly big move away from low, relatively affordable rates. But there’s good news mixed among the gloom and doom of the Fed’s decision.
Here’s what you need to know about an interest rate hike.