Real Estate

The Federal Reserve will hike interest rates again: How it affects you


Here's how to get ahead of a rise in interest rates

The Federal Reserve is expected on Wednesday to raise interest rates for the seventh time this year to combat stubborn inflation. 

The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared with the super-size 75 basis point moves at each of the last four meetings.

This would push benchmark borrowing rates to a target range of 4.25% to 4.5%. Although that’s not the rate consumers pay, the Fed’s moves still affect the rates consumers see every day.

Why a smaller rate hike may be ‘pretty good news’

By raising rates, the Fed makes it costlier to take out a loan, causing people to borrow and spend less, effectively pumping the brakes on the economy and…


0 0 votes
Article Rating

A home energy upgrade that’s becoming a climate and financial winner

Previous article

Consumers see inflation easing considerably next year, New York Fed survey shows

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate