I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

There's a lot of talk these days about living in the moment, being present.

I think that's all really good advice, except when it comes to your money.

When it comes to your finances, you need to be five steps ahead at all times.

I don't have a crystal ball, but I do have the ability to make some sound predictions

based on the current state of the financial world, coupled with the roles of economics.

Nerd step.

So let's dig into five economic forecasts for the upcoming year, and most importantly, how

you can profit from them.

Number one.

Interest rates will rise.

Many experts believe that interest rates will continue to climb into 2023.

By the end of the year, Robert Johnson, a professor of finance at Creighton University, says,

quote, financial market participants expect that the Fed will increase the target Fed

funds rate by 175 to 200 basis points, or 1.75% to 2% from current levels.

That would translate into 30 year and 15 year mortgage rates at roughly 8.5 and 7.7%.

So obviously, that is not great news for anyone looking to buy a home next year.

But this is good news for savers.

As interest rates go up, you will earn more money in your savings account.

And as I mentioned yesterday, the money you're saving up should go into a high yield savings

account.

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