Americans are taking on more debt, and they’re soon going to be paying more for it. The Federal Reserve on Wednesday raised its benchmark interest rate, citing an improving economy, low unemployment and rising wages. The move will affect millions of Americans by making it more expensive to borrow...
The Economy Is Good, Wages Are Rising, And The Fed Is Raising Interest Rates. It's Going To Get More Expensive To Borrow Money.
Samantha Bomkamp, Chicago Tribune: Business
Wed, 03/21/2018 - 3:20pm
BING NEWS:
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Based on recent economic data, the Fed might not cut interest rates anytime soon in 2024. See what this means for your savings account and other money choices.
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When the year started,it appeared the Fed and White ... progress came from interest rate hikes alone. Econ 101 teaches that high rates cool demand by making it more expensive to get a mortgage ...
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