Published 2 years ago

How higher Fed rates stand to affect Americans' finances

Summary by Ground News

The Federal Reserve announced a half-point hike in its benchmark short-term rate. Additional large hikes are expected to be announced at the Fed's next two meetings. The result could be much higher borrowing costs for households well into the future. The Fed hopes that by making borrowing more expensive, the Fed will succeed in cooling demand for homes, cars and other goods.

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Associated Press News

How higher Fed rates stand to affect Americans' finances

WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation.

2 years ago·United States

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abc News

How higher Fed rates stand to affect Americans' finances

Record-low mortgages below 3% are long gone

2 years ago·United States

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KRDO

How higher Fed rates stand to affect Americans' finances

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. The half-point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have much immediate effect on most Americans. But additional large hikes are expected to be a…

2 years ago·Colorado Springs, United States

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KVIA

How higher Fed rates stand to affect Americans' finances

2 years ago·Panama City, United States

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HuffPost

The Fed Issued Its Biggest Rate Hike In 22 Years. Here's How That Will Affect Your Finances

Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan.

2 years ago·United States

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Star Advertiser

How higher Fed rates stand to affect Americans’ finances

WASHINGTON >> Record-low mortgages below 3%, reached last year, are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation.

2 years ago·Honolulu, United States

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