Econ 101: 🔥 The Fed Is Hitting the Brakes...Here’s What It Means for You
In this episode of Econ 101, I break down the Federal Reserve’s latest 25-basis-point rate hike, bringing the federal funds target range to 3.75%–4.00%, and what higher interest rates actually mean for you.
From credit cards and car loans to mortgages and business investment, higher rates are designed to slow spending and cool the economy. But there’s another side to the story: massive investment in AI and technology continues to help drive economic growth.
What happens if the Fed keeps hitting the brakes while the sector helping keep the economy moving starts to slow?
Let’s talk about it…
The skinny
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