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Fed raises interest rates for first time since 2018, citing high inflation, Ukraine warThe Federal Reserve raised a key interest rate by a quarter point Wednesday and signaled more hikes are planned in an effort to cool record-high inflation that is squeezing family budgets and bedeviling Democrats and the White House in the midterm election year.
Source: WashTimes - 🏆 235. / 63 Read more »
Fed expected to raise interest rates Wednesday in an effort to control inflationThe Fed is expected to hike rates between 0.25-0.50% at first, with similar hikes anticipated throughout the rest of the year.
Source: DenverChannel - 🏆 239. / 63 Read more »
Understanding why the Fed will raise interest rates to fight higher pricesThe Fed is expected to raise interest rates for the first time in almost four years, hoping to get control of the highest inflation in decades. It may seem a contradiction, when everything's expensive, to make it more expensive to borrow money to pay for things. That's exactly how this problem is supposed to be fixed.
Source: FOX26Houston - 🏆 448. / 53 Read more »
Federal Reserve Raises Interest Rates For First Time In More Than 3 YearsFor the first time in more than 3 years, the Federal Reserve is raising interest rates. The central bank made the announcement March 16 at the conclusion of its monetary policy meeting.
Source: CBS DFW - 🏆 542. / 51 Read more »
Federal Reserve raises interest rates: Bay Area faces widespread effectsThe Federal Reserve raised interest rates by a quarter-point on Wednesday, hoping to curb inflation and cool off the economy. About time to stop Biden's inflation fiasco
Source: mercnews - 🏆 88. / 68 Read more »
As Fed hikes benchmark interest rate 25 basis points, here’s what that means for your credit-card bill, savings, car loans and mortgage repaymentsA quarter-percentage-point increase will not make a big difference to a credit card’s annual percentage rate or savings account’s annual percentage yield, experts say. But stack several rate increases together and consumers will start to feel the pinch.
Source: MarketWatch - 🏆 3. / 97 Read more »