@humphreytalks: The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate on. Currently high yield rates are on average 3.25-3.5%, but we may see it go up .25% higher in the next week or two. Of course, short-term Treasury bills pay a similar rate, and you don't owe state tax on the interest. So that’s another option. In any case, if you have idle cash - it should be earning something. 3️⃣ Mortgage rates have already been adjusted weeks prior because those are more correlated with the 10-year treasury, not the Fed rate hike directly. So refinancing doesn’t make much sense right now, and if you are considering buying a house - just know that its going to affect your payment. 4️⃣ Keep investing. Stocks can get choppy when rates rise, but Historically the S&P was positive 12 months after the first hike in 17 of the last 22 hiking cycles from the years 1974-2022. Keep dollar cost averaging into the market into VOO or VTI, especially if youre investing for the long term. Lmk any questions! Follow for more. #TikTokLearningCampaign #EduTok #learnontiktok #edutokcontest

Humphrey Yang

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Wednesday 16 September 2026 18:37:17 GMT