How will the US interest rate hike affect you?
This past week, the US Federal Reserve (the equivalent to our RBI) raised its headline interest rate from 0.5% to 0.75%.
It was the first rate hike in over a decade.
How does a rate hike by a country halfway across the world affect you, the common citizen of India who follows the local markets? A lot more than you think. In this article, I will try to break down the exact consequences of the rate hike and more importantly, how it affects a market participant.