Graham Stephan: Interest rates will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

taking a little bit of a gamble with a company that was only started five years ago and hasn't really fully proven them. I mean, that's a very small risk considering what they've done so far, but it's definitely just a small consideration of mine. Now the good news when it comes to Robinhood doing all of this is that it really forces other companies to be as aggressive as they possibly can and maybe be a little bit more competitive with what they have to offer. I think Robinhood doing this is really going to force other companies to follow suit and I think starting in January or February, we're going to see a lot of other online checking and savings accounts offering slightly higher interest just to try to be competitive with Robinhood. And for that, I say thank you very much, Robinhood, for doing that. So, anyway, that's my thoughts on this and what I think is going to happen. If you guys agree, disagree, if you guys are going to be signing up for this, let me know down below in the comments. Would be curious to see what your thoughts are on this as well. So, with that said, thank you so much for watching. If you haven't already, smash that like button, and smash that subscribe button, smash

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