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Your Money: What Another U.S. Interest Rate Rise Means for You

TedTed
in The Bullpen
FYI: - If you have credit card debt, take the next U.S. Federal Reserve move to raise interest rates as a big, flashing warning sign.

Short-term rates are the most affected when the government nudges up the federal funds rate, which the Fed is expected to do on Wednesday, likely raising it a quarter point. That will be the third move in 2018 and the eighth since the Fed started inching rates up from effectively zero in December 2015. One more hike is expected before the end of the year.
Regards,
Ted
https://www.reuters.com/article/us-money-debt-interestrates/your-money-what-another-u-s-interest-rate-rise-means-for-you-idUSKCN1M52DX
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