The Fed Could Raise Interest Rates; Should You Be Worried?
For the first time since 2006, the Federal Reserve could raise short-term interest rates. What does this mean for you?By Leah Becerra | September 15, 2015
The Federal Reserve Bank could raise short-term interest rates Thursday for the first time since 2006.
The Fed's been mulling over the increase for a while now, but the biggest thing you need to know is that if rates do go up, there's no need to panic.
All the short-term rate really does is change the rate at which the Fed can buy and sell bonds, which in turn regulates the money supply in the U.S. economy. (Video via Investopedia)