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Podcast: So Money with Farnoosh Torabi
Episode: 1371: Ask Farnoosh: How Will Rising Interest Rates Affect Me? Will the Fed's Rate Hike Work?
Description: So many financial questions stemming from the week's Fed rate hike. The Federal Reserve raised the fed funds rate by a whopping 75 basis points, the steepest increase since 1994, in an effort to stem inflation. Is this the right move? What will rising rates mean for our finances? Is a recession now more likely and, if so, how will that affect investments, savings and more?Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney.Subscribe to her weekly So Money newsletter for the latest updates and advice.Learn more about your ad choices. Visit megaphone.fm/adchoices