What does the Fed raising interest rates mean for you?
INDIANAPOLIS (WISH) – Last week, the Federal Reserve raised interest rates from two percent to 2.25 percent.
That’s the third time interest rates have been raised in 2018. Also, analysts expect at least one more rate increase before the year’s end and three more in 2019.
Todd Roberson, a senior lecturer at the IU Kelley School of Business, stopped by Daybreak Friday.
He discussed what the FED raising the interest rates means for the average person.
To hear the entire segment, click on the video.