Real Estate

5 ways the Federal Reserve’s next interest rate hike could affect you


To keep up with the surging cost of living, consumers are spending more and saving less — and rising interest rates aren’t helping their financial picture much.

Next week, the Federal Reserve likely will raise rates by another three-quarters of a percentage point (although some on Wall Street still think the Fed could opt for a full percentage point increase). 

Fed officials have already raised benchmark short-term borrowing rates 1.5 percentage points this year, including June’s 75 basis point increase, which was the largest increase in nearly three decades.

More from Personal Finance:
Airlines are struggling with lost and delayed bags
This withdrawal strategy can help retirees stretch…


0 0 votes
Article Rating

Volvo Cars CEO suggests the global chip shortage is easing

Previous article

Gasoline prices may have hit summer peak and could be headed below $4

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate