Northwestern Mutual

Ask the Financial Expert: What the Fed Rate Hike Means to You in the New Year

Find out what the Fed rate hike means to you.

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From December 2015

The last time we saw the Fed raise rates was the same year Barry Bonds beat Babe Ruth’s home run record, 2006. It’s been something nearly every economist and investor has been planning for, so the news was expected. So is there much to say other than it’s about time? Our experts think so. In this month’s discussion, they share the good and bad of the rate hike and what it might mean for you.