Stocks around the world were up this morning, ahead of an expected announcement that the Federal Reserve will raise benchmark interest rates for the first time in nearly a decade.
The increase is expected to be just a quarter of a percent, but it will impact everything from car loans to your savings account.
NPR’s economic correspondent John Ydstie speaks with Here & Now‘s Jeremy Hobson about what this increase will mean.
Guest
- John Ydstie, an economics correspondent for NPR. He tweets @jey51.
Copyright 2021 NPR. To see more, visit https://www.npr.org.