In a post of a total of 2 paragraphs (4 - 6 sentences each) answer and discuss the following:

If you watch the news, you've undoubtedly heard mention that the Fed will continue to raise interest rates.

What exactly does this mean?

Explain how the Fed's decision to raise and lower interest rates might affect :

1. a large manufacturer of household appliances
2. a mid-sized software firm
3. a small restaurant
4. a family hoping to purchase their first home
5. a college student