Interest rates are rising once again, hitting their highest point since 2007. The Federal Open Market Committee Wednesday announced another rate hike of 25 basis points to a new target rate of 5 to 5.25 percent. It was the 10th straight rate increase, as the Federal Reserve has raised rates ...
This year, interest rates reached their highest level since 2007 and areexpectedto stay relatively high through 2024. This higher-rate economic environment brings excitement but also confusion. You may be asking, “with all of the compelling ways to earn more on my savings, are equities worth t...
The Hong Kong Monetary Authority (HKMA) announced Thursday its Base Rate has been lowered to 5.25%, down from the previous 5.75%, the highest level since 2007. The Base Rate is the interest rate forming the foundation upon which the Discount Rates for repurchase transactions through the Discount...
The Hong Kong Monetary Authority(HKMA) announced Thursday its Base Rate has been lowered to 5.25%, down from the previous 5.75%, the highest level since 2007. The Base Rate is the interest rate forming the foundation upon which the Discount Rates for repurchase transactions through the Discount ...
Wednesday's rate rise is the ninth in a row by the Fed. It lifts its key interest rate to 4.75%-5%, up from near zero a year ago - the highest level since 2007. Higher interest rates mean the cost to buy a home, borrow to expand a business or take on other debt goes up. ...
Servicing your credit card debt, or any variable debt, can become increasingly difficult as interest rates rise. When you make a plan, consider focusing on the debt with the highest interest rates first, paying special attention to debt that could become more expensive if rates go up more. If...
The widely expected decision Wednesday left interest rates unchanged at a range of 5% to 5.25%, the highest level since 2007. But policymakers also opened the door to additional rate increases this year, meaning there could be more pain for would-be homebuyers in the form of ste...
The widely expected move puts the key benchmark federal funds rate at a range of 4.25% to 4.5%, the highest since 2007, from near-zero in March. It marks the seventh consecutive rate increase this year and places interest rates in firmly restrictive territory. While the rate hike is...
When you read headlines saying the Fed has raised, lowered or maintained interest rates, they’re referencing the Fed’s decision to adjust its key fed funds rate. The current target range for the federal funds rate is 5.25-5.5%, the highest since 2001. ...
The decision to hold its key interest rate comes as the economy has been running hotter than expected. That's despite the Bank of Canada's key interest rate sitting at the highest level since 2007, making borrowing more expensive for Canadians and businesses. ...