SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H The Fed has been raising interest rates to cool inflation. While that seems to be working, there are a lot of side effects that can hit you right in the pocketbook! Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC® Directors: Katie Graham & Andrew Matthews Written by: Julia Lorenz-Olson, AFC® Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Dano Johnson Fact checker: Yvonne McGreevy Executive in Charge for PBS: Maribel Lopez Director of Programming for PBS: Gabrielle Ewing Assistant Director of Programming for PBS: John Campbell Images by: Shutterstock Music by: APM Two Cents is a production of Spotzen for PBS Digital Studios sources: https://www.federalreservehistory.org/essays/great-inflation https://www.thebalancemoney.com/u-s-inflation-rate-history-by-year-and-forecast-3306093 https://www.cnbc.com/2023/07/26/low-fed-interest-rates-reshaped-the-us-economy-heres-whats-next.html#:~:text=Back%2Dto%2Dback%20financial%20crises,finance%20and%20business%20in%20America https://www.nytimes.com/2023/03/16/business/economy/interest-rates-silicon-valley-bank.html https://www.imf.org/en/Blogs/Articles/2023/10/10/higher-for-longer-interest-rate-environment-is-squeezing-more-borrowers https://www.minneapolisfed.org/article/2023/rising-interest-rates-create-more-challenges-for-businesses#:~:text=When%20asked%20how%20rising%20rates,effects%20more%20acutely%20than%20others https://www.thezebra.com/resources/research/small-business-statistics/ https://www.kiplinger.com/business/small-business/small-businesses-hit-by-interest-rates-the-kiplinger-letter https://www.usbank.com/investing/financial-perspectives/investing-insights/interest-rates-impact-on-housing-market.html https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/ https://www.nerdwallet.com/article/finance/rental-market-trends https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/ https://www.nytimes.com/2024/01/01/business/housing-market-services-retailers.html https://www.cnbc.com/select/best-high-yield-savings-accounts/