Rising Interest Rates: How to Protect Your Finances

The Federal Reserve approved plans to raise interest rates by half a percentage point, and more rate hikes are expected later in the year. WSJ personal-finance reporter Julia Carpenter joins host J.R. Whalen to discuss what higher interest rates mean for consumers’ credit-card balances, student loans and mortgages, and some steps they can take to protect their personal finances.

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The Federal Reserve approved plans to raise interest rates by half a percentage point, and more rate hikes are expected later in the year. WSJ personal-finance reporter Julia Carpenter joins host J.R. Whalen to discuss what higher interest rates mean for consumers’ credit-card balances, student loans and mortgages, and some steps they can take to protect their personal finances.

Learn more about your ad choices. Visit megaphone.fm/adchoices