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Daily Archives: March 28, 2017

Kristi's Quotes

Kristi’s Quotes: Do you know what a FED rate hike means?

Financial Education, Kristi's QuotesBy Kristi SullivanMarch 28, 2017

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…

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