Page 45 - Saver News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Been enjoying quite the nice ride? >> we talked about the dow getting to 20,000. it's not there right now. generally when you increase interest rates, it slows the market down because what it means is interest bearing investments become a little bit more attractive. i would say this has been the most telegraphed worst kept secret going so you're not going to see much of market reaction. anyone who sells stocks because they thought the interest rates are going up and surprised by it shouldn't be investing in the market. as the stock market loses some appeal. that does not mean the stock market ...

Right now. there are folks looking to do new things come 2017. they're going to get caught in the new curve. does the trump administration try to do anything lessen. donald trump, he feels that many do that the feds kept rate too long and low. he's been advocating for a higher interest rate policies and now he's got it. there are people who are affected naively by that. if you do have a revolving credit and many americans have loans. your loans just gotten more expensive. if you are a saver, you get a little bit more money. donald trump indicated that he feels that rates were too low. >> we ar...

I you are a saver you could get somewhere close to a percent. that's some benefit. >> a little bit of money. >> inflation is 1.6. if i don't get less than a percent and inflation is 1.6 you are losing money keeping it in a bank account. >> if you have the means should you buy now? >> yes. if you have the means, if the fed does this which it will do and finds out if it doesn't drag the economy to a halt they will do it several more times in the next couple of years. interest rates in a year or two will be substantially higher than now. maybe they will be 6% for a mortgage where it's 4.25% now. ...

Little bit. the fed's been signaling for a long time. it's not all that familiar to the market but the markets are headed upwards. it's going to have three main effects. if you are a borrower, you'll see some fixed costs increase. if you carry credit card balances, if you're getting a new car, if you're looking for a new mortgage. even though the mortgage rates are not set by the fed for last month in anticipation of this, mortgage rates have gone up. if you've got great credit, about .48% for a 30-year fixed mortgage. if you're an investor, you're going to see some investors realize that inte...

You've not been getting any reward for the last seven or eight years. you can't even really get one full percentage point in a savings account. now you might be able to in a cd or a savings account, get close to or maybe a little more than 1%. if you're a siver, it's a little bit of good news. even that 1% isn't close to inflation. so you're still losing money by being a saver. those are the general net effects of what's going to happen when, at 2:30 eastern time, the fed announces that it is increasing interest rates by a quarter of a percent. >> coming up, microsoft co-founder bill gates was...