Podcasts Business Entrepreneurship So Money with Farnoosh Torabi 1371: Ask Farnoosh: How Will Rising Interest Rates Affect Me? Will the Fed's Rate Hike Work?

1371: Ask Farnoosh: How Will Rising Interest Rates Affect Me? Will the Fed's Rate Hike Work?

Published: June 17, 2022, 6:16 p.m.

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So many financial questions stemming from the week\'s Fed rate hike. The Federal Reserve raised the fed funds rate by a whopping 75 basis points, the steepest increase since 1994, in an effort to stem inflation. Is this the right move? What will rising rates mean for our finances? Is a recession now more likely and, if so, how will that affect investments, savings and more?

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