1371: Ask Farnoosh: How Will Rising Interest Rates Affect Me? Will the Fed's Rate Hike Work?

<p>So many financial questions stemming from the week's Fed rate hike. The Federal Reserve raised the fed funds rate by a whopping 75 basis points, the steepest increase since 1994, in an effort to stem inflation. Is this the right move? What will rising rates mean for our finances? Is a recession now more likely and, if so, how will that affect investments, savings and more?</p><p>Want more articles and videos by Farnoosh? Check out <a href="https://cms.megaphone.fm/organizations/cc8c3dda-7b6c-11eb-8f7a-8fdd1a48224b/podcasts/846654a6-ada7-11e6-a48e-3718e6c073a4/episodes/59eafa16-74d9-11ec-b2a5-4b38c2a0a345/%20http://www.cnet.com/somoney">www.cnet.com/somoney</a>.</p><p>Subscribe to her weekly <a href="https://www.cnet.com/feature/signup-so-money/">So Money newsletter</a> for the latest updates and advice.</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>