Interest rates going up
The Feds alluded to that potential interest rate hikes will occur in 2022. “Hikes” with an “s” as in plural. This is to help with reducing the rise of inflation. What does higher interest rates mean? It means that the cost of borrowing will get more expensive. If the Feds raise interest rates 3 times next year, what could that mean for you? Get ready in 2022, interest rates are likely going up. Higher rates means it’ll cost more to…