Tip - 2015 Interest Rate Projections: Here's how rates will affect your money next year

It’s interest rate projection season here at GOBankingRates. While consumers are busy preparing for the holidays and end-of-year celebrations, we’ve been hard at work analyzing interest rate trends from 2014 and making predictions for what 2015 will bring. Let’s take a look at what rates have been doing over the last year, where they are expected to land in 2015 and what it all means for consumers. Interest Rates 101Before we get started, let’s have a quick lesson on what actually causes interest rates to go down or up: what the Fed does, what inflation is, how rate cuts and increases affect inflation, and the difference between target and prime rates. The Federal Reserve SystemThe Federal Reserve System (also known as the Federal Reserve or just the Fed) is the central banking system of
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