Will raising interest rates tank this economy?

It's Brian Preston, the money guy, restoring order to your financial chaos.

Retirement, investing, taxing.

You've got financial questions, he's got financial answers.

It's Brian Preston, the money guy.

Brian, I am so excited about talking about this today because I think it's on the forefront of everyone's mind.

We know that this year has been interesting to say the least,

at least when we think about it from an economic perspective and a market perspective and an inflation perspective.

A lot of folks are asking the question, hey, I see things happening out there macro-economically.

What does that mean long-term?

More importantly, how is that going to affect me in my army of dollar bills?

This is a unique time.

I can't say lifetime because I was around, but I wasn't a grown productive adult at the time that we went through this last time.

Interest rates, the way the Federal Reserve is cranking on the rates with inflation out there.

It's created some unique things.

Truthfully, it's created a first in money guy history.

That's saying something because we started doing this show in 2006.

In show prep, we were like, hey, what of interest rates?

If you look at the Fed funds rate from when we started this show in 2006 to where we are now,

you'll notice there is an ocean of period of low interest rates.

We started high. If you look in 2006, you can see that the Fed funds rate was over 5%,

but then ever since then, we had a pretty steep drop down the mountain, went into this valley.

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