For weeks we held our breath — at least those of us a little on the nerdy side did. And even if we weren’t quite so engrossed with the economy, we knew that the Federal Reserve’s decision on whether to raise interest rates was kind of important. After all, it hadn’t happened since Barry Bonds (remember him?) was still a big star.
Yep, economists, bankers and stockbrokers were in suspense over the Fed’s next step — and last week, we learned it was sitting pat. But if you’re about to click to another story, figuring this is a Wall Street type of thing, affecting only high finance, let us inform you that the news hits you right in the comfort of your own living room — namely, by impacting how much it’ll cost you to borrow money.
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