How the Fed rate hike affects your wallet

How the Fed rate hike affects your wallet

The quarter-point increase in the federal funds rate by the Federal Reserve Board likely will change some of the terms by which you borrow money or access credit. If you’re concerned about what this means for your own bank account, mortgage loan or credit card,...
Fed raises rates for the second time in a decade, more in 2017

Fed raises rates for the second time in a decade, more in 2017

The Federal Reserve raised a key U.S. interest rate for the first time in a year and signaled a more aggressive approach in 2017. In a widely expected move, the central bank raised its key short-term rate to a range of 0.5%-0.75% from 0.25% to 0.5%. The vote was...