Published 1 year ago

Fed expected to hike interest rates for fourth time

Summary by Ground News

The Fed on Wednesday is expected to announce a hefty three-quarter-point hike in its key short-term rate. Many Fed-watchers hope that Chair Jerome Powell will hint that the central bank may ease the pace of its hikes. Chronic inflation has become a central point of attack for Republicans against Democrats in the midterm congressional elections.

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CNN

What rising interest rates mean for you

Here are a few ways to situate your money so that you can benefit from rising interest rates, and protect yourself from their downside.

1 year ago·Atlanta, United States

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KRDO

What rising interest rates mean for you

By Jeanne Sahadi, CNN BusinessThe Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75% to 4%.While there may be plenty of downside in the form of higher borrowing costs for consumers, one positive outcome is that your savings may actually start earning a little money after years of barely-there interest.“Interest rates have increased at the fastest pace in 40 years,” said Greg McBride, …

1 year ago·Colorado Springs, United States

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CNBC

Cloud stocks creamed as Fed indicates more rate hikes are coming

Cloud stocks tumbled still lower on Wednesday as investors worried anew about the implications of interest rates continuing to shoot upward.

1 year ago·United States

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The Telegraph

What the biggest interest rate rise in 30 years means for your money

How mortgages, savings, pensions and investments will be affected as the Bank Rate rises to 3pc

1 year ago·London, United Kingdom

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NewsNation

Fed expected to hike interest rates for fourth time

Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed's inflation-fighters raise interest rates?

1 year ago·Chicago, United States

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WAAY-TV

What rising interest rates mean for you

The Federal Reserve raised its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75% to 4%. Here are a few ways to situate your money so that you can benefit from rising…

1 year ago·Huntsville, United States

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