It’s no secret that inflation is a serious issue right now, but what does that mean for interest rates? How does inflation affect them? This is really important information right here, Paul explains what you need to know.
Transcription
Paul Apostolakis 0:00
What’s up everyone? Paul Apostolakis here with your Omega 60. Today we’re talking about inflation and what that could mean when we’re talking interest rates. So as inflation rises. As things are costing more money; I think we’re all seeing that at the pump, and we’re also seeing it at the grocery store and we’re even seeing it in housing. That will put pressure on interest rates to go higher over time. There’s a lot of mechanics that can go into that. But ultimately inflation will mean higher rates over time. So be on the lookout for that. I do believe that over time we are going to see some more pressure for rates to keep going up. Have a wonderful day. Thank you.
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