This week on Financial Revelations David goes over the latest Fed meeting where rates are currently holding steady at 5-5.25%; but they left the door open for another rate hike at the beginning of the year. David also explains the bond/interest teeter totter and how the bond market came down slightly on the 10 year note but that the 1 year is still at 5%.
Weekly Viewer questions:
- Why do bonds lose value when interest rates go up?
- Why have you recently changed your tune on bond mutual funds?
As always you can listen to David every Thursday on WCRF Cleveland from 8 AM to 9 AM or on the Moody Radio app.
Email your financial questions to Kory@epsf.com
Twitter @skibucks1
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