Rising Interest Rates: Impact on Consumers and the Economy
Rising Interest Rates: Impact on Consumers and the Economy (2 min. read) Written by Vantage Wealth and Tax Advisor Jarrod Hart Interest rates hitting a 16-year high have raised concerns about the impact on the economy and consumers. The Federal Reserve's decision to raise interest rates is aimed at tackling rising inflation, which has been a persistent concern since the economy reopened in mid-2021. While the Federal Reserve initially believed that inflation was transitory, eight interest rate increases later, they are now taking a more proactive approach to combat inflation. The recent decrease in the month-over-month









