The Federal Reserve is expected to hike interest rates by 75 basis points on Wednesday for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Jerome Powell said in September that he wishes “there were a painless way” to lower inflation. “There isn’t,” he said.
Search for When The Fed Hikes Interest Rates, Who Gets Hurt? on Bing
Anna Helhoski, NerdWallet.com
Mon, 10/31/2022 - 10:45am
BING NEWS:
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Donald Trump and Federal Reserve Chair Jay Powell could be on a collision course in 2025. At a Jan. 7 press conference, Trump said "inflation is still raging, and interest rates are far too high." ...
01/19/2025 - 2:00 am | View Link - Analyst reboots Fed interest rates forecast after surprising inflation data
Inflation has been around since the days of Alexander the Great and it's not showing any signs of going away. In combating this pesky problem, the Federal Reserve uses interest rates as a primary tool ...
01/17/2025 - 2:40 am | View Link - Why are interest rates rising when the Fed has been cutting them?
The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S. stock market that's knocked indexes from their records.
01/16/2025 - 9:59 am | View Link - The latest inflation data puts the US economy back in the 'Goldilocks' zone
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street strategists say.
01/16/2025 - 4:48 am | View Link - Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
01/16/2025 - 4:09 am | View Link - More
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