Investing.com | Editor Nikhilesh Pawar
Published Nov 13, 2023 16:24
WASHINGTON - Amid concerns about persistent inflation, the Federal Reserve's hawkish outlook suggests that further interest rate hikes could be on the horizon. This potential tightening of monetary policy is prompting financial experts to advise individuals on strategies for bolstering their financial resilience in a high-interest-rate environment.
To navigate the choppy financial waters that may result from the Fed's position, here are some proactive steps individuals can take:
These strategic measures are designed to empower individuals to take control of their financial situation and prepare for any changes that may arise from future Federal Reserve decisions. By managing debt efficiently, seeking out better savings rates, and assessing investment risks prudently, people can position themselves to withstand higher interest rates and maintain financial stability.
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Written By: Investing.com
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