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The Price of Money

Picture of the federal reserve building

Back in 2016, interest rates were at their lowest level in 5,000 years. But in the past couple of years they've gradually begun to rise. What does this mean for the markets, the economy and your financial life? In “The Price of Money,” our hosts look at the implications and steps you could consider if rates continue to go higher.

From mortgages to credit card debt and capital for businesses, the cost of borrowing is getting more expensive. Why? After several years of declining — and low— interest rates, the Federal Reserve has been gradually moving rates higher. While the increases so far have been small and steady, these incremental changes are meaningful. At the same time, yields on bonds and other types of fixed income investments are rising too—and that could be welcome news for millions of Americans.

Our hosts, Candace Browning, Michael Hartnett and Chris Hyzy, consider how the rising price of money could affect how we spend and save, what it means for the economy, and how it’s changing investment opportunities.


Christopher M. Hyzy

Headshot of Christopher M. Hyzy

Chief Investment Officer 
Merrill Lynch and U.S. Trust



Michael Hartnett

Headshot of Michael Hartnett

Chief Investment Strategist
BofA Merrill Lynch
Global Research 


Candace Browning

Headshot of Candace Browning

Head of BofA
Merrill Lynch Global Research 


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