This week, we bring you a special edition of Inside the Economy with SH&J. As many of you are aware, the Federal Reserve increased interest rates on Wednesday for the first time since 2008. While the increase was a small one, only a quarter of a percentage point, it has caused media frenzy. In less than five minutes, Larry addresses the primary reasons behind this rate increase, what it could mean for inflation, mortgage rates, credit card interest, the housing market, Americans’ wallets, and more. Overall, Larry says the effects of this increase will be mostly positive. We will cover more on this topic during our next discussion on January 4th. Until then, have a wonderful holiday season and we look forward to reuniting with you in 2016!
