The federal funds rate, mortgages, and small business loans…all things that should pique your interest.
So much talk about interest, interest, interest can be…a little uninteresting. But, should we feel that way? The Federal Reserve’s actions (known as open market operations) have an impact on the price we pay for goods and services as well as the rate at which we can borrow money. That’s something we should stay on top of!
This video from TwoCents titled “How High Interest Rates Upended the Economy” explains the rollercoaster ride of inflation we’ve experienced, as well as how the Federal Reserve’s actions to bring that down have impacted our daily lives.
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About
the Author
Ryan Wood
Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.
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