With 7+ interest rate hikes coming over the next two years, I would advise anyone who is carrying debt (especially variable debt) to understand the potential impact of those rate hikes combined with sustained 7% inflation on your disposable income.
Fed policy changes lag in timing. It will likely take 12-18 months after the rate hikes begin to get any real downward trend inflation.
Fed policy changes lag in timing. It will likely take 12-18 months after the rate hikes begin to get any real downward trend inflation.
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