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Rising Interest Rates – How It Affects You

By CAREN P. WILLIAMS Senior Vice President and Financial Advisor, Morgan Stanley You have probably seen or heard comments lately in your daily newsfeed that U.S. interest rates are rising.  Are you are thinking, “What does that mean to me?”  If so, I assure you that you are not the only one asking this question.  Changing interest rates affect us in various ways.  To understand why interest rates change and how it affects you, let’s break it down to the different types of rates. Short-term interest rates in the U.S., such as rates on Certificates of Deposit (CDs) and revolving credit, are based on the Federal Funds Rate (commonly called the Fed Funds Rate.) This rate is set as a

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The Best Interview Ever

By PAULA M. FARMER Professionally speaking, the majority of my life has entailed my allegiance to the profession of human resources. Armed with over twenty-five years of expertise

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