Financial Intel Monthly

What Rising Interest Rates could mean for your Money

Dec 26, 2018 1:14:49 PM / by The Retirement Group (800) 900-5867 posted in financial freedom, Interest, invest, investing, Profit, rates, retirement planning, stock, The Retirement Group, wallstreet

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After years of keeping the benchmark federal funds rate at historic lows, the Federal Reserve has been raising it gradually. Controlling the interest rate is one way the FOMC attempts to control inflation and economic growth. The near-zero rates were an emergency measure, and gradual increases reflect greater confidence in the U.S. economy. However, rising rates can affect you as a consumer and investor.

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