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Rising interest rates are great for savers, but horrible for borrowers. If you owe money, here’s what you need to do. Aaron Freeman / Money Talks News
In this episode of the Money Talks podcast, we’re talking about the dangers of debt in a rising rate environment, and how to deal with it. The Federal Reserve has now raised its target federal funds rate nine times in the last year or so, which means rising interest rates for most types of debt. The idea of higher rates is to put the brakes on the economy in order to slow inflation. All good…
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