How a Rise in Interest Rates Can Affect Credit Cards, Mortgage and More\n

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Interest rates are about to rise. Here are 3 ways to prepare

After two years of low rates, what will this mean for the economy and your wallet? NBC senior business correspondent Stephanie Ruhle shared three things to take way on TODAY.

Ruhle says that the reaction to a rate increase is volatile, as expected."Low rates have been good for the stock market and things have been up and down," she says."That's why for many Americans the stock market should be for the long game. Things like retirement, or goals that are at least five years away so you have time to recoup your losses if needed.

 

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