Share this article!

For the first time in years, Americans are in a period of rising interest rates.

The Federal Reserve on Wednesday raised its benchmark rate a half-point, to cool down inflation that’s the highest consumers have seen in 40 years. In addition, Fed Chair Jerome Powell signaled more half-point increases are on the table for all remaining meetings this year.

 

As rates increase, there are some key money moves financial experts recommend consumers make to put themselves in a better financial situation. These broadly include paying down debt and shoring up personal budgets to be able to withstand any sudden shocks to the economy.

 

Booking.com

Reset password

Enter your email address and we will send you a link to change your password.

Get started with your account

to save your favorite homes and more

Sign up with email

Get started with your account

to save your favorite homes and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

Create an agent account

Manage your listings, profile and more

By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy

Create an agent account

Manage your listings, profile and more

Sign up with email