How Rising Interest Rates Will Impact Credit Cards, Mortgages, More

The Federal Reserve announced Wednesday that an interest rate hike is coming in March, following two years of near-zero rates. NBC News senior business correspondent Stephanie Ruhle breaks down what this will mean for your wallet saying, “If you can start paying down your payments, do it now.” She also explains why rising interest rates could help lower prices across the supply chain. “Interest rates and inflation move together, it’s the tool the Fed uses to keep inflation in check,” she says.

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[mrs.reeves]

Raise the interest rate, huh. Hiking up interest on mortgages, huh. As high as rent is these days and rising, buying a home with a fixed rate most definitely would calm that storm. It's as if the feds want people to suffer.

[keithlewis]

What reserves. The debt keeps riseing & riseing. How far off is 100 trillion ?

[samueldiaz]

How much interest would be increased? Approximately

[Luis-xrec]

Tell the Democrats to stop spending money like it’s nothing.

[barbaragdisis]

Federal Reserve has two jobs: Keep inflation under control and maximize employment. After spending 2021 promising that higher inflation was merely a passing phenomenon, Fed officials begun dialing up the rhetoric and declaring that inflation is now a major threat to the labor market and the rest of the economy.

[livondiramerian]

Inflation is due to greed as it's with all our problems.The federal reserve shouldn't raise interest because it will bring disasters to people & economy. The best way to solve the problem is to raise taxes on the greedy. We have to deal with the problem of greed because it's the essence of all our problems. Greed is a serious illness that will destroy the greedy eventually.