All the Fuss With Interest Rate Hikes

You’ve probably gotten through life thus far not really caring about what the Federal Reserve does when it meets a few times each year and couldn’t care less about the Fed Funds Rate. You might’ve heard rumblings on the news about interest rates going up and thought, “Well, I don’t really care about that.” I’m here to tell you that you should care or at least know what the heck it means when the Fed raises the rates.

The Federal Reserve is raising interest rates again and as millennials you should pay attention. There are three key areas that could hit your wallet hard - credit card interest rates, car and home loans, and student loan refinancing rates.

On This Podcast

We’re going to dish about three reasons why you should care about the interest rate hike. This is a not so subtle hint that raising the interest rates actually does matter to you and your wallet. The Fed raises the rates to stabilize the economy but what ends up happening is any of your loans tied to variable interest rates will go up.

  • Find out what the Fed is and why interest rates go up
  • How the raising interest rates affect your bank account
  • What you can do to counteract the higher interest rates
  • Why higher interest rates are good news for savers who want to take advantage of higher interest rates on high-yield savings accounts