Caution Sign - Higher Interest Rates Ahead: Raising Interest Rates & Current Interest Rates on Unsecured Loans

Rising Interest Rates: What This Means for Unsecured Loans

Last month, the Federal Reserve raised its target federal funds rate for the first time in three years. While the increase was small, up from near zero by a quarter of a percentage point, it lays the groundwork for more hikes before the end of the year. What implications does this have on current interest rates on unsecured loans?