Federal Reserve

What the Fed Rate Hike Means for your Budget

Yesterday’s not-so-unexpected news of the Federal Reserve raising its benchmark interest rate to 0.25% ended the Zero Interest Rate Policy (ZIRP) it instituted nearly a decade ago. No can kicking this time, so what does that mean for your own finances? Probably not much in the near term. One small interest rate hike is unlikely to have much of an immediate impact on your budget, but that doesn’t mean you should ignore the increase....