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right now the Federal Reserve is fighting inflation and that often means that the things you buy cost more but thereamp;#39;s a benefit to higher interest rates all worse Amy Wagner explains well if youamp;#39;re looking for a mortgage or a car higher interest rates will cost you more but higher interest rates arenamp;#39;t all bad you can really take a bite out of inflation if you just swap the word spend for Save if youamp;#39;re a saver then youamp;#39;ve got a great opportunity right now to benefit from what happens when the Federal Reserve raises interest rates remember the FED wanted to slow down the economy by raising what it costs us to buy homes and cars and make credit card purchases but this has an effect on banks too the fedamp;#39;s actions hurt Banks bottom lines and pushes them to offer higher interest rates on savings accounts and certificates of deposit ing to deposit accounts Banks paid three times as much money to save hers last year than in 2021 but youamp;#3
