BORROWER'S BLUES: Fed rate hike to hit mortgages, credit cards and auto loans
Circle Squared Alternative Investments founder and CIO discusses the long-term impact of rate hikes on the U.S. economy on"Varney & Co."
Credit cards, home mortgages and auto loans — already at elevated levels — will climb even higher as the central bank works to slow the economy in hopes of taming soaring prices. Wall Street and economists widely expect Fed policymakers to announce a three-quarter percentage point boost on Wednesday, which would be the third mega-sized 75-basis-point jump in a row and the fifth rate hike for the year.ART LAFFER CALLS ON FED TO RAISE RATES ‘AS FAST AS THEY CAN’ AMID ‘TOUGH SITUATION’
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
How the Fed's steep rate hikes stand to affect your financesMortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier
Leer más »
How the Fed's steep rate hikes stand to affect your financesMortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier.
Leer más »
EXPLAINER: How steep Fed rate hikes affect your financesMortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier
Leer más »
The Fed is set to hike rates again. Here's what it means for your money.Economists expect the central bank to boost rates by 0.75% on Wednesday, affecting everything from home loans to credit cards.
Leer más »
Rising interest rates forcing families into 'credit card trap'As the Fed continues to raise interest rates, more and more families are finding themselves deeper into credit card debt.
Leer más »
Here's How Rising Interest Rates Are Impacting Your FinancesMortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. Many economists say they fear that a recession is inevitable in the coming months. With it could come job losses that could cause hardship for households already hit worst by inflation. Even before the Federal Reserve acts again Wednesday to sharply raise its key short-term rate, its previous rate hikes are being felt by households across the economy.
Leer más »