Timothy Sumer

Interest rates are on the rise in both Canada and the U.S., what does this mean for consumers and investors? Find out with today's episode! Intro/Outro Music: Episode Music: ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing What do Rising Interest Rates Mean? Interest rates play a significant role in the global economy, affecting everything from personal finances to the performance of businesses and stock markets. When interest rates rise, it can have various consequences for individuals, corporations, and even governments. Let's delve into understanding what rising interest rates actually mean and how they impact different aspects of the economy. To begin with, rising interest rates indicate that the cost of borrowing money is increasing. When central banks increase interest rates, commercial bank

The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. The purpose of raising interest rates is to slow down the economy and reduce inflationary pressures, which can harm the economy over the long term. If inflation becomes too high, it can erode the value of savings and investments, reduce purchasing power, and cause economic instability. If the central bank doesn’t correct inflation, the economy cannot perform well, and difficult to invest capital. #FED #federalreserve #federalreservebank #interestrates #jeromepowell #personalfinance #finance #financialeducation #financialliteracy #financialfreedom #ratehikes #ratehike #jeromepowell #interestratehike #interestrates2023... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVE