Interest Rates Going Up Again
- Thread starter 1955
- Start date
Indiana Joe
Member
- Location
- Indiana, USA
Yeah, because you kept splurging on batches of those lottery tickets. Everybody told you it was a waste of $$$ and time.
Nope.
Packerjohn
Packerjohn
- Location
- Canada
I also have a big happy face 
when the interest rates go up. My brother always phones me to share the good news. I am hoping that it goes up several more times in 2023. The inflation is going to kill a lot of us and the only way is to make those folks slow down on their shopping and maxing out on their credit cards is to raise the interest rates. We are all now paying for those years of almost free money that the banks were loaning to people. This has got to stop!
when the interest rates go up. My brother always phones me to share the good news. I am hoping that it goes up several more times in 2023. The inflation is going to kill a lot of us and the only way is to make those folks slow down on their shopping and maxing out on their credit cards is to raise the interest rates. We are all now paying for those years of almost free money that the banks were loaning to people. This has got to stop!
Capt Lightning
Well-known Member
- Location
- Historic Buchan, Scotland
I'm just waiting to see what the latest fixed bond offerings will be. I invested in a fixed interest bond at 4.55 % last month, but this month the same bank was only giving 3% on a 1 year bond.
Don M.
SF VIP
- Location
- central Missouri
Rising interest rates and a good SS COLA will barely compensate for the current and expected rates of inflation. 2023 is shaping up to be a real financial test for millions....especially those on a fixed income.
oldmontana
Senior Member
- Location
- Montana
Thanks to our government's spending, much of not needed in my opinion. The fed had to increase rates to stop inflation. The end result could put us in a resession.
Packerjohn
Packerjohn
- Location
- Canada
GOOD NEWS! I just read yesterday that Jerome Powell, Federal Reserve Board Chairman in US has stated that interest rates will keep going up in 2023. We have to fight this inflation. I think that Canada will have to follow the US lead. The Canadian economy is closely linked to that of the US. If we don't then Canadian money will become "Funny Money." Now, it takes $1.30 CND or so to buy 1 US dollar. If we don't follow the US trend then it might take $2 CND to buy 1 US dollar.
That would not be good news for all those snowbirds heading to Florida, Texas and Arizona during the 1st week of November. Then some of them might have to stay home and just buy some very thick underwear and face the blizzards.
That would not be good news for all those snowbirds heading to Florida, Texas and Arizona during the 1st week of November. Then some of them might have to stay home and just buy some very thick underwear and face the blizzards.
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Brookswood
Senior Member
Good grief! You can get over 4% on a one year CD at many banks. Kick those stingy tightfisted bankers to the curb and find an internet bank that pays descent interest.
I have to sit down for a few minutes. I start hyper ventilating when I hear about banks that pay such lousy interest rates in these highly inflationary times. Awful. Just awful.
oldmontana
Senior Member
- Location
- Montana
TD Ameritrade CD rates today..
| eatured CDs | *FDIC INSURED* | |
Maturity
![[^]](https://valubond.ameritrade.com/images/Sort_ascd.gif "[^]")
| APY* | |
| 3 months | 4.35% | View 3-month CDs |
| 6 months | 4.55% | View 6-month CDs |
| 9 months | 4.7% | View 9-month CDs |
| 1 year | 4.7% | View 1-year CDs |
| 2 years | 4.594% | View 2-year CDs |
| 5+ years | 4.907% | View 5+year CDs |
Brookswood
Senior Member
TD Ameritrade CD rates today..
eatured CDs Maturity 3 months View 3-month CDs 6 months View 6-month CDs 9 months View 9-month CDs 1 year View 1-year CDs 2 years View 2-year CDs 5+ years View 5+year CDs
Thank you for posting this information. I hope these rates open the eyes of people who have been trusting their banker, know-it-all neighbor or "some guy on the internet" about where to invest for safe secure earnings.
Note: Some guy on the internet includes me. So do your due diligence, be careful and check things out. If you miss a good deal this month, others are probably coming later.
mathjak107
Well-known Member
- Location
- bayside ,queens , ny
Bond rates have taken a big fall in just a matter of weeks .
the 10 year and 30 year bonds fell a whopping 1% as recession fears that the fed is over shooting things are now taking over.
the fed has a history of over doing things since it can see up to two years to see the effects of rate changes .
the fed and the worlds bond investors see things very differently ..
usually the bond market is correct
the 10 year and 30 year bonds fell a whopping 1% as recession fears that the fed is over shooting things are now taking over.
the fed has a history of over doing things since it can see up to two years to see the effects of rate changes .
the fed and the worlds bond investors see things very differently ..
usually the bond market is correct
Brookswood
Senior Member
The inverted yield curve is a rather strong signal that a recession is in the works.
Will it be again? Nobody knows for sure. We will see what happens.
Will it be again? Nobody knows for sure. We will see what happens.
Brookswood
Senior Member
Good work!
mathjak107
Well-known Member
- Location
- bayside ,queens , ny
The fed has a history of over doing rate changes both up and down .
so odds are pretty good we won’t have a soft landing .
the bond markets seem to disagree with poppa fed and smells trouble brewing as bond investors have pulled rates down on intermediate and long term bonds by around a full point
OneEyedDiva
SF VIP
- Location
- New Jersey
And again....