Interest rates are heading up once again. On Wednesday, the Federal Reserve announced an increase in rates to a range between 5% to 5.25%. The move marked the tenth time the Fed has raised interest rates since March 2022. The hike will make it more expensive to use credit cards. Ditto...
Besides death and taxes, we can count on the fact that everyone from Wall Street to Main Street pays close attention to the Fed and its effect on interest rates. Here's a look from inside the Fed into what's on monetary policymakers' minds. This article features remarks made by the ...
But while rate hikes aren't a great thing for borrowers, they can be a good thing for savers. That's because rate hikes tend to lead to higher interest rates in savings accounts, as well as higherCD rates. And so following the latest Fed announcement, those with money in...
and the Fed's interest rate hike had little impact on China. In addition, before the Fed raised interest rates, the Central Bank of China has begun to tighten monetary policy to cope with rising domestic inflation. Therefore, the impact of this round of interest rate...
of credit with adjustable rates may also see an impact, such as home equity lines of credit and adjustable-rate mortgages, which are based on the prime rate. Auto loans may also rise, although these can be more sensitive to competition for buyers, which could dampen the Fed hike's i...
Those high interest rates, however, are a double-edged sword: You can earn the highest returns in decades just by parking your money in an ultra-low-riskcertificate of deposit,money market fund, orhigh-yield savings account. So much so, that Fry speculates the Fed’...
And that makes it a lot more difficult to figure out whether the rate hike talk is a real plan, or whether the central bank is testing the waters to see how investors react to the idea that the economy may be stable enough to boost rates. This wouldn't be the first time the Fed ha...
James Morrison, an associate professor of the London School of political science and economics, said in a video interview with Xinhua reporters a few days ago that the US Federal Reserve's interest rate hike will inevitably have a negative impact on the world economy. This is one of the diff...
The important thing to remember is that the Fed interest rate and the mortgage rate are two completely different things. The interests rates are still at an all time low point. Most economist do not see the interest rates going up anytime soon. They should stay at around 4% for a 30 ye...
The average interest rate on a five-year new car loan is now 6.48%,up from 4% one year ago. The Fed’s latest move could push up the average interest rate even higher, rightat a time whenborrowers are already struggling to keep up with bigger monthly loan payments. ...