Interest Rates Explained for Beginners - What are interest rates and how do they work?

Interest rates affect the economy and your plans for the future.
If you're like most people, you've heard of “interest rates” BUT don't really know what they are or how they work. We're here to change that!

Learn what they are and how they work with this video.

In this video, we'll talk about interest rates, what they are and how they work.
We'll also discuss how these rates have changed over time, and what that means for you as an investor or consumer.

The Federal Reserve raises interest rates when inflation begins to rise.
This makes it more difficult for businesses to borrow money, which helps keep inflation down. It also makes it more expensive for consumers to take out loans (like mortgages) or pay off credit card debt.

When will the Fed raise interest rates? Find out here!

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🕐 Time Stamp:

00:00 Introduction
00:38 Start
01:23 How do Interest Rates Work?
02:09 Fix Vs Variable
03:35 How the FED affects the Interest Rates?
04:41 How Inflation affects the Interest Rates?
06:55 How to support the Channel? 🤑
07:20 Effects of High Inflation on Interest Rates
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#financialeducation #financialfreedom #interestrates #fed
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DISCLAIMER: We are not financial advisers. These videos are for educational and entertainment purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your responsibility.
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