A User’s Guide To Higher Interest Rates.

This article discusses the impact of higher interest rates on various aspects of the economy and provides advice on how to navigate this new reality. It explains that the US Federal Reserve has raised interest rates significantly in recent years, which has had both predictable and unexpected effects. While carrying credit card debt and mortgage costs have become more burdensome, savers are now able to collect higher yields. The article also explores the implications of higher rates for borrowers, investors, and homeowners, offering insights and recommendations from financial planners and market experts. [Extracted from the article]

Copyright of Bloomberg Businessweek is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)