The Fed Raises Rates By Another 75 Basis Points: How That Can Affect Your Money
The Fed Raises Rates By Another 75 Basis Points: How That Can Affect Your Money
In an effort to quell stubborn inflation, the Federal Reserve raised interest rates again on Wednesday.
In an effort to quell stubborn inflation, the Federal Reserve raised interest rates again on Wednesday.
What's happening
What's happening
There will be consequences: an increase in interest rates for mortgages, credit cards and loans and most likely an uptick in unemployment.
There will be consequences: an increase in interest rates for mortgages, credit cards and loans and most likely an uptick in unemployment.
Why it matters
Why it matters
Rising consumer prices, unpredictable stock prices, increased costs to borrow money and the threat of layoffs could be particularly devastating for low- and middle-income Americans.
Rising consumer prices, unpredictable stock prices, increased costs to borrow money and the threat of layoffs could be particularly devastating for low- and middle-income Americans.
What it means for you
What it means for you
Here are 3 Ways The Fed Rate Increase Can Affect Your Money
Here are 3 Ways The Fed Rate Increase Can Affect Your Money
Credit Card Interest Becomes More Expensive
Credit Card Interest Becomes More Expensive
#1
#1
Mortgages and Loans Become Costlier
Mortgages and Loans Become Costlier
#2
#2
Rates on Savings Accounts Climb, Though Slowly
Rates on Savings Accounts Climb, Though Slowly
#3
#3
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