How to Money · Friday, September 25, 2026
The Federal Reserve implemented a rate hike, a move largely anticipated by the market. The Fed also indicated the possibility of further rate increases later this year, primarily due to ongoing inflation concerns. Higher borrowing costs are expected across most variable-rate loans.
“Hey, we got to touch on the Fed rate hike last week, it was seemed pretty clear and evident that that was going to happen. So it didn't really come too much, I think, as a surprise for folks. I feel like it was getting baked into the market weeks, even just leading up to the actual announcement. Also interesting to hear that they're thinking that there's going to be another rate hike later this year as well. But that has a lot to do with inflation, right? Like prices have not come, like they have not been tamed. And my mind just immediately went to the dumbest thing that you could do if we're seeing high inflation, which is to spend more money. I'm just thinking about the $ 5, 000 again and how stupid that is. But basically, but what this means for everybody is you're going to see higher borrowing costs pretty much across the board, especially on variable rate loans. Not necessarily on mortgages though, right? Not necessarily.”
“So if you've got credit card debt, make a plan to pay it off. InDebt.it is like our favorite site to plan that out. And then, but there's always a silver lining, Matt.”