After almost a decade of record low interest rates, over the last 24 months the US Federal Reserve has been incrementally increasing rates. The US Fed is charged with helping maintain inflation targets as well as contributing to economic stability. They primarily do this by use of their control over the money supply as well as influence over nationwide interest rates through various operation. The regular cycle of interest rates includes supporting the economy by reducing ra
Today’s post is brought to us by Phillip Christenson, a chartered financial analyst (CFA) and financial advisor at Phillip James Financial, a fee-only financial planning company located in Maple Grove and Plymouth Minnesota.
The best places to park your money in a low-interest rate environment.
The sustained low interest rate environment has been a big boost to borrowers, but at the expense of savers who struggle to get more than 0.01% on their bank accounts. While intere