For everyone who has been saying interest rates can only go up, well - now is their time. But what does the Federal Reserve's decision to raise interest rates actually mean for your wallet?
LOS ANGELES: For everyone who has been saying interest rates can only go up, well: now is their time. But what does the Federal Reserve's decision to raise interest rates actually mean for your wallet?
Probably not much for the near-term. One small interest rate hike of one-quarter of a percentage point is unlikely to have much impact on your budget, but that does not mean you should ignore the Fed's first rate increase since 2006.