How do fluctuating interest rates affect our personal finances?

The US Federal Reserve hiked interest rates four times in 2023 and at least three cuts are expected this year. How do fluctuating interest rates affect our expenses and investments? Eddy Loh, Chief Investment Officer of Maybank Group Wealth Management gives Andrea Heng an overview of 2024 in this episode of the Money Talks podcast. PLUS - Have trouble keeping up with your financial news? We've introduced a new chat segment to bring you up to date on the latest financial trends and stories. Or you can jump straight into the podcast at the points below. 0:00 Intro 0:38 GST increase, $500 CDC vouchers, BYD sales 6:14 How do interest rates affect investments and loans? 10:19 US Fed rate cuts in 2024 14:13 Who benefits from falling interest rates? 17:58 Change in investment strategy 23:56 Refinancing loans