Interest rates continue to increase. When could they stop?

FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Record low-interest mortgages are long gone. Credit card rates will…

FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Record low-interest mortgages are long gone. Credit card rates will likely rise. You’ll pay more for an auto loan. The unusually large three-quarter point hike, Wednesday, June 15, 2022 in the Fed’s benchmark short-term rate is going to have a lot of impacts on Americans’ finances. The hope is that by making borrowing more expensive, the Fed will succeed in cooling demand for homes, cars and other goods and services and slow inflation (AP Photo/Elise Amendola, File)

by: Hayley Boyd

Posted: Jul 26, 2022 / 10:52 AM CDT

Updated: Jul 26, 2022 / 10:52 AM CDT

Paul Nolte, Senior VP at Kingsview Wealth Management, joined Bob Sirott to talk about the continued raising of rates, companies reporting earnings, and when the Fed could cut interest rates. He also explained why consumers aren’t spending as much.