How The Federal Reserve's Rate Hikes Affect Your Finances

Ted Jenkin, CEO of Oxygen Financial, discusses the impact of interest rate hikes. He highlights benefits such as higher savings account rates and inflation-protected bonds. However, he warns about increased costs for credit card debt and loans. Jenkin advises on managing variable rates, suggests waiting for auto purchases, and provides insights on home loans and real estate. He emphasizes the importance of considering fixed rates for mortgages to avoid future rate increases.

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