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The Federal Reserve Is Raising Interest Rates. Should You Be Worried?

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The Federal Reserve Is Raising Interest…

Daniel May, CFP®
Dec 30, 2021
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The Federal Reserve Is Raising Interest Rates. Should You Be Worried?

fyi.moneyguy.com

The Federal Reserve slashed interest rates to effectively 0% at the beginning of 2020 to combat the sharp drop in demand and sharp rise in unemployment caused by the Covid-19 pandemic and shutdown of businesses across the country. Before 2020 rates had risen to just over 2%, but for the better part of the decade interest rates have hovered at and around 0%.

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