To update, the Fed has increased the fed funds rate 25 basis points to 1 percent as of March 15. Read more here. Whether or not the Silver Fox is just teasing as usual, it is definitely time for millennials to experience a rate hike with interest rates above zero. On March 3, the Fed’s … Continue reading The Silver Fox Gets Us Ready For A Rate Hike
What The Rate Hike Means For Us
The silver fox may come bearing gifts this holiday season, as the Fed will (probably) increase the mother of all interest rates—the federal funds rate. In an attempt to save the economy from the financial crisis of 2008, the Fed dropped the federal funds rate down to effectively zero. For close to seven years, the … Continue reading What The Rate Hike Means For Us