CNNW The Lead With Jake Tapper December 14, 2016
The fed said, that is causing the market to end in the red, is that the fed indicated that its going to be more aggressive in how it raises rates over the course of the next year. As far as what have this means to businesses and consumers, this, once again, is not a huge rate hike but still means borrowing costs are going up. If you take out a new mortgage or home equity line of credit or an adjustable Rate Mortgage, youll pay more. Car loans will be more expensive. There are some winners in this, though. For one, savers, Senior Citizens who need the interest on their savings. Those getting cl...