It's not uncommon for members to have questions about interest rates and how they are impacted by changes in the national or global economy. When there's a news story about economists speculating that rates will go up again, it can be hard to understand exactly what that means on a personal level.
Interest rates had been near zero for almost ten years - since the financial crisis of 2008. Now that there's been steady and consistent signs that the economy has turned around, the board of the Federal Reserve has been raising rates again. But what does that mean for you?