Published 2 years ago

How the Federal Reserve’s rate hikes affect your finances

Summary by Ground News

The Federal Reserve raised its benchmark interest rate by a sizable 0.75 percentage point for a second straight time. The Fed's actions have ended, for now, an era of ultra-low rates that arose from the 2008-2009 Great Recession. The risks are high. A series of higher rates could tip the U.S. economy into recession.

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Times of India

Explainer: How the Federal Reserve's rate hikes affect your finances

The Federal Reserve's move Wednesday to further tighten credit raised its benchmark interest rate by a sizable 0.75 percentage point for a second straight time. The Fed's latest hike, its fourth since March, will further magnify borrowing costs for homes, cars and credit cards, though many borrowers may not feel the impact immediately.

2 years ago·India

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The Independent

How the Federal Reserve's rate hikes affect your finances

Higher mortgage rates have sent home sales tumbling

2 years ago·London, United Kingdom

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Associated Press News

How the Federal Reserve's rate hikes affect your finances

WASHINGTON (AP) — Higher mortgage rates have sent home sales tumbling . Credit card rates have grown more burdensome, and so have auto loans.

2 years ago·United States

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USA Today

Fed's trying to halt inflation with big rate hikes. How this affects debt, stocks, savings

The Fed raised rates by 75 basis points. That will increase every consumer rate from auto and home loans to savings and credit card rates.

2 years ago·United States

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abc News

How the Federal Reserve's rate hikes affect your finances

Higher mortgage rates have sent home sales tumbling

2 years ago·United States

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The Star Kuala Lumpur

Gold rises ahead of Federal Reserve's rate hike

CHICAGO, July 27 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday ahead of the Federal Reserve's rate hike. Read full story

2 years ago·Malaysia

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