The Opening Bell 6/13/18: High Interest Rate Credit Cards & ARM’s Will Hurt After Fed Meeting Today

(AP Photo/Richard Drew)

There is no secret that interest rates are likely going to increase today after the end of today’s Federal Reserve meeting, and there will be winners and losers. Steve Grzanich chatted with Greg McBride (Chief Financial Analyst at Bankrate.com) about those who have adjustable rate mortgages, high interest rate credit cards, and others that will be impacted today. Ryan Radia (Research Fellow and Regulatory Counsel at The Competitive Enterprise Institute) then looked to the headline of the day yesterday as AT&T was approved to buy out Time-Warner creating a possible stir at today’s market open.