How The Fed's Rate Hike Affects You
March 15, 2017
The Federal Reserve announced its decision to increase interest rates by a quarter of a point on Wednesday, putting an end to weeks of speculation. On the minds of many investors and consumers was the question, how does this affect me? Credit card and equity lines of credit will bear the immediate impact of the decision. Other effects, however, will play out more gradually. Here's what experts say we can expect.