# @humphreytalks on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DdW7k3rvRYt
- **Gondola URL:** https://gondola.cc/posts/70474656-humphreytalks-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/bf29dba17f.jpg
- **Posted:** 2026-09-16T18:30:45.000+00:00
- **Account Owner:** Humphrey Yang (@humphreytalks) — https://gondola.cc/humphreytalks

## Caption

The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year.

How does that change your money? Here are 4 ways:

#1: your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get.

#2: our high yield savings should earn more if your bank passes the rate on. Currently high yield rates are on average 3.25-3.5%, but we may see it go up .25% higher in the next week or two. Of course, short-term Treasury bills pay a similar rate, and you don’t owe state tax on the interest. So that’s another option. In any case, if you have idle cash - it should be earning something.

#3: Mortgage rates have already been adjusted weeks prior because those are more correlated with the 10-year treasury, not the Fed rate hike directly. So refinancing doesn’t make much sense right now, and if you are considering buying a house - just know that its going to affect your payment.

#4: Keep investing. Stocks can get choppy when rates rise, but Historically the S&P was positive 12 months after the first hike in 17 of the last 22 hiking cycles from the years 1974-2022. Keep dollar cost averaging into the market into VOO or VTI, especially if youre investing for the long term.

Lmk any questions! Follow for more.

## Stats

- **Views:** 400,748
- **Likes:** 6,537
- **Shares:** 0
- **Comments:** 72

## Tags

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