Kristi’s Quotes: Do you know what a FED rate hike means?
Kristi was asked by KHOU News in Houston…what does a FED hike mean to the average American?
Here’s what you should know.
Consumers should be aware of the rate hike for a simple reason: Lenders and banks base their interest rates on the federal funds rate, so when the benchmark increases or decreases, it can impact rates on products like credit cards, auto loans, mortgage rates, and more.
So, what could change for you?