ClearPath Financial’s Ryan Kittredge Explains How Federal Reserve Interest Rates Impact Your Life

By-Hank Stolz

Photo-iStock

Worcester, MA- The Talk of the Commonwealth invited ClearPath Financial Partners President Ryan Kittredge on for a conversation centered on the role and impact of Federal Reserve interest rates. They are much in the news and host Hank Stolz wanted his listeners to have a clear understanding of just how their lives are impacted by decisions on interest rates. Kittredge explained how interest rates function as the “price of money,” influencing borrowing, spending, and inflation. He discussed the Federal Reserve’s delicate balancing act between stimulating economic growth, as desired by the administration, and controlling inflation to ensure price stability. Kittredge also clarified the current state of inflation, explaining that while the rate of price increases had slowed, consumers still felt the cumulative effect of past hikes. He concluded by predicting a slow, gradual decrease in interest rates rather than an aggressive easing cycle.