Have you heard that the Federal Interest Rates are going up? And that it is to discourage folks from buying, and that allows the market to settle down?
Basically it encourages folks to take a second look at the money they are borrowing, and what the cost to pay it back is going to look like. This can apply to everything from buying a home (your mortgage) to buying a new vehicle (auto loans) to expanding or starting a business (business loans) and even going to school - student loans.
But did you know it also can effect stocks, bonds and even bank deposits?
Forbes Advisor had a good article last week that breaks down the basics titled What Happens When The Fed Raises Interest Rates?