The Federal Reserve continued to shout from the rooftops Wednesday that it will do what it takes to get inflation under control. The central bank raised the overnight federal funds rate by 0.75 percentage point, an action that will raise the floor under other interest rates. By making it more expensive to borrow money, the... Holden Lewis writes for NerdWallet.
Fed Boosts Rates Yet Again, Pushing Down Home Affordability
Holden Lewis, NerdWallet.com
Wed, 09/21/2022 - 11:02am
BING NEWS:
- High Rates And Continued Inflation Mean Housing Prices Stay High
The housing market will remain something of a muddle, with mixed production, high interest rates, and many people standing still waiting for something to change.
01/1/2025 - 1:30 am | View Link - The Fed Is Cutting
Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are mortgage rates going up? Read more ...
01/1/2025 - 1:20 am | View Link - Federal Reserve cuts interest rates by 25bps
The US Federal Reserve has once again slashed interest rates by 25 basis points in what is the third consecutive month of easing. This comes amid preparations ...
12/18/2024 - 6:56 am | View Link - More
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