Your Debt is About to Cost You More Money!

The Fed’s Interest Rate Announcement & the Market’s Response

Here at Nelson Financial Planning, we’ve been saying for months that the data makes it hard to justify keeping interest rates where they are. Just consider the current inflation rate. The Consumer Price Index (CPI) was at 5% for the 12-month period ending May 31, 2021, the highest rate since 2008. In fact, the CPI has only been above 5% for a rolling 12-month period three other times in the past 30 years. Continue reading “Your Debt is About to Cost You More Money!”