In the News

Title

Higher Interest Rates Won’t Affect Consumers for Several Years

Document Type

Article

Publication Date

10-29-2015

Abstract

Much speculation has swirled around when the Federal Reserve will hike interest rates, but from a practical standpoint, the average American need not be concerned. That's because when the Fed does eventually raise rates, consumers are unlikely to feel the consequences immediately unless they have variable rate student loans or adjustable rate mortgages.