The U.S. Federal Reserve is poised to raise interest rates for a fourth time since March. Financial advisors are sharing advice ahead of the next hike.
CLEVELAND — With inflation hitting record levels, the U.S. Federal Reserve is poised to hike interest rates for a fourth time since March. Wednesday, economists expect the Central Bank to impose a second consecutive increase of three-quarters of a percent.
“With being alone, by myself, it’s kind of hard,” said Odessa Rivers, a retiree who lost her husband earlier this year. “I’m getting help from my kids as much as I could. But I don’t want to press on them too much because they have their own life and their own finances and stuff to take care of.” “There’s some negative impacts we’ll see, particularly for folks that are taking out loans, with the interest rate rise,” Goldberg said.
The financial advisor and Berkshire Hathaway realtor explained she’s seeing rising interest rates affect the types of homes some buyers can afford.
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