For instance, an increase
in the federal funds rate hits personal finances more in the realm of auto loans, credit cards, and personal loans (lending vehicles with five or fewer years to repay in most cases) than home loans and student loans (lending vehicles with extended repayment terms over a decade or more).
Not exact matches
Looking ahead, if the yield curve maintains its current slope and the
federal funds rate hits the Fed's long - term target, the 10 - year treasury yield will exceed 3 %
in a few years.
After all,
federal tax
rates rose
in 2013, and anyone withdrawing
funds from a traditional IRA would have been
hit with a steeper - than - expected tax bill.