How consumer spending power is hurt by higher rates

The U.S. economy has felt several impacts from the Federal Reserve's policy of higher for longer interest rates. While for some, it's a chance to take advantage of greater yields in savings accounts, for others, the higher rates are hurting their wallets. Many middle class and low-income earners are starting to eat into their savings to make ends meet. According to a Yahoo Finance exclusive interview with JPMorgan Chase CEO Jamie Dimon, "the middle class is getting to zero, no excess savings." Yahoo Finance Senior Reporter Jennifer Schonberger joins the Live show to break down how the Fed's Policies are affecting American consumer's wallets.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
#youtube #interestrates #stockmarket

About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.

Connect with Yahoo Finance: