Cobb County's Business People Comment On Interest Rate
INTERVIEW WITH BAER WEALTH MANAGEMENT'S PERSONAL WEALTH ADVISOR, MARK BEAL
Q: What decision on interest rates will the Fed announce today?
A: While it is impossible to predict due to the many factors involved both domestically and globally, I believe the Fed will again delay raising rates.
Q: In your opinion, what should they do?
A: There are strong arguments on both sides, but it is time for the Fed to begin the process of slowly normalizing interest rates.
Q: What is the most visible impact an interest rate hike will have in Cobb County?
A: Anyone with money in the market or savings accounts, or looking for mortgages or car loans will be impacted. Put simply, it will get a little better for savers and a little harder for borrowers.
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