Similar Stories to Another Fed Rate Increase May Hurt Borrowers, But Savers Might Cheer. Here's Why. on Bing News

USA TODAY, USA Today: Movies
Tue, 07/25/2023 - 9:00pm

Another 0.25 percentage point Fed rate hike could further squeeze weary consumers but give savers a boost. Stocks are up, but some remain cautious.      

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Topics:  fed   savers   
BING NEWS:
  • Average rate on a 30-year mortgage in the US rises for fifth straight week
    The average rate rose to 5.99% from 5.71% last week. A year ago, it averaged 7.03%, Freddie Mac said. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, ...
    10/30/2024 - 2:14 pm | View Link
  • Fed's Goolsbee reiterates case for extended path of rate cuts
    NEW YORK, Sept 30 (Reuters) - Chicago Federal Reserve President Austan Goolsbee reiterated on Monday that he sees a case for extensive U.S. central bank interest rate cuts given the current state ...
    09/30/2024 - 6:27 am | View Link
  • How to make the Fed rate cut work for you
    For borrowers, “rates are not going to fall fast enough to bail you out of a bad situation,” said Greg McBride, chief financial analyst at Bankrate.com. “And for savers, these rate cuts won ...
    09/18/2024 - 8:30 pm | View Link
  • The size of the Fed’s interest-rate cut doesn’t matter as much for your wallet as this other key decision
    A previous version of this story misstated the amount of monthly interest on an average credit-card balance. The Federal Reserve lowered interest rates by half a percentage point on Wednesday, a ...
    09/18/2024 - 10:16 am | View Link
  • The Fed Just Cut Rates. What Should Savers Do About CDs and High-Yield Accounts?
    The Fed, the nation's central bank, cut the fed funds rate, a key overnight bank lending ... While this should provide some relief for borrowers as interest rates go down, savings rates will ...
    09/17/2024 - 1:00 pm | View Link
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