Just what is the impact of Fed rate hike? Why the hoohaa over it? Job is still intact, life is still as per normal, nothing really change? True? Interest rates changes do affect people/businesses. For instance, household who has higher loan with variable interest who has been enjoying zero interest rate for the past years, will see higher installment payments every month if rate hike. Interest rate simply refers to cost of borrowings. If the interest rate is high, home, car and business loans etc with variable interest increase. In general it means debt repayment burden rises? Refer to my previous article on interest rate here. Interest rates at zero percent. Isn’t it good? So Fed keeps interest rates at zero percent, isn’t it a fantastic thing. I can continue to enjoy low debt repayment, so that I can spend more!  But how come people are worry and ......