Making Your Money Work Smarter: How the Federal Reserve's Interest Rate Hike Presents Investment Opportunities
The Federal Reserve, the central bank of the United States, just announced an additional 0.25% increase to the interest rate. This move has significant implications for investors, who now have an opportunity to make their money work smarter for them. So, what exactly does it mean when the Federal Reserve raises interest rates? Put simply, the Fed sets interest rates as a way to control the economy. When rates are low, borrowing becomes cheaper and people tend to spend more money, which can stimulate economic growth...
