Question

What is people’s main concern when the Federal Reserve raises interest rates

Answer 1

Step-by-step explanation:

The main concern when the Federal reserve raises interest rates is "Central banks cut interest rates when the economy slows down in order to reinvigorate economic activity and growth

Answer 2

When the Federal Reserve raises interest rates, people's main concern often revolves around the potential impact on borrowing costs. Higher interest rates can lead to increased expenses for loans, mortgages, and credit cards, which might strain personal finances and slow down economic activity. It could also affect businesses' ability to invest and expand, potentially leading to decreased economic growth.