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The rate-hike pause means that yields for money market accounts (MMAs) will likely hold steady at the highest rates we've seen since 2007. The top MMA rate today is 5.25%.
The Fed is hesitant to change interest rates largely due to one factor uncertainty over President Donald Trump's tariffs. The ...
The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s how raising interest rates affect inflation—and your wallet.
The Federal Reserve’s latest interest rate hike Wednesday of 0.75 percentage points is expected to intensify pressure on the housing market while pushing up mortgage rates that already have ...
The Fed’s benchmark interest rate hike will affect the minority of households that take out adjustable-rate mortgages or home equity lines of credit, probably increasing their cost to borrow.
The quarter-point rate hike will cost consumers an additional $1.7 billion over the next 12 months, bringing the annual cost of the Fed’s recent rate hikes to a total of more than $33 billion ...
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MiBolsilloColombia on MSNAttention consumers: Fed rate cut could impact your money
A potential Federal Reserve rate cut in 2025 could impact savers and borrowers alike. Understanding its effects on loans, ...
Often, when the Fed hikes rates, bank deposit accounts generate higher returns, too. Already, some online and smaller banks have notched rates on savings and money market accounts as high as 1.50%.
Rates for credit cards have already risen in response to the Fed's previous rate hikes, with the average APR on a new credit card offer now at 21.59%, or more than 2 percentage points higher than ...
So far, the Fed's four hikes in 2022 have increased rates by a combined 2.25 percentage points — which means consumers are now paying an extra $225 in interest on every $10,000 in debt.
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