Rising interests may or may not affect you, depending on your what investments and/or debts you are holding or planning to get.
Possible effects you may recognize are:
- Higher credit card interest if your credit card has a variable rate.
- Some investments may become more profitable: for instance, banks with large lending portfolios can see profits rise with interest rates.
- Bond prices may decrease
- Interest rate on auto loans or mortgage may increase along with the Federal rate
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