What An Interest Rate Hike Could Mean For You
For the first time since 2006, the U.S. Federal Reserve could raise short-term interest rates.By Leah Becerra | December 14, 2015
This week, the Federal Reserve is expected to raise short-term interest rates for the first time since 2006.
The Fed has 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)