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With the recent hikes to interest rates, everything from mortgages to credit card debt could cost Americans more. We look at what higher rates could mean for the markets, the economy and your financial life.
Back in 2016, interest rates were at their lowest level in 5,000 years. But in the past couple of years they've gradually begun to rise. What does this mean for the markets, the economy and your financial life? In “The Price of Money,” our hosts look at the implications and steps you could consider if rates continue to go higher.
The Price of Money
From mortgages to credit card debt and capital for businesses, the cost of borrowing is getting more expensive. Why? After several years of declining — and low— interest rates, the Federal Reserve has been gradually moving rates higher. While the increases so far have been small and steady, these incremental changes are meaningful. At the same time, yields on bonds and other types of fixed income investments are rising too—and that could be welcome news for millions of Americans.
Our hosts, Candace Browning, Michael Hartnett and Chris Hyzy, consider how the rising price of money could affect how we spend and save, what it means for the economy, and how it’s changing investment opportunities.
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