Lock in a new job nowWith ultra-low unemployment and plenty of job openings, it's still a job seeker's market right now. That said, "don't jump into a large purchase that isn't right for you just because interest rates might go up. "Less debt and more savings will enable you to better weather rising interest rates, and is especially valuable if the economy sours." For instance, if you're now too heavily weighted in growth stocks, Adam suggested maybe reallocating some money into slower-growing, dividend-paying value stocks through a mutual fund. "Should a recession result from the Fed's aggressive interest rate hikes to quell inflation, bonds are likely to do well.

Source: CNN June 13, 2022 11:05 UTC