The Federal Reserve's meeting of the Federal Open Market Committee (FOMC) is set to take place on Tuesday and Wednesday of this week, with the central bank widely expected to raise interest rates upon the meeting's conclusion. This would be the first rate hike since Jerome Powell took the helm of the Fed.Here's what it means when the Fed "raises rates," what it could mean to you as a consumer, and how the results of the Fed's meeting could affect the stock market.Image source: Getty Images.Continue reading
The Federal Reserve Is Expected To Raise Interest Rates This Week -- Here's What You Need To Know
newsfeedback@fool.com (Matthew Frankel), The Motley Fool
Tue, 03/20/2018 - 3:12am
BING NEWS:
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For Australians who have been smashed by skyrocketing interest rates — which have added thousands of dollars to their yearly mortgage repayments — a desperate wait for relief could be even further way ...
04/15/2024 - 3:21 pm | View Link - Why Today’s Retail Sales Report Doesn’t Have to Raise Worries About Rate-Cut Delays
Retail sales rose by 0.7% in March from February, according to the latest data from the Census Bureau. That’s well above the 0.4% uptick economists were forecasting. February’s sales data was revised ...
04/15/2024 - 4:33 am | View Link - Builder sentiment stays put on the back of elevated mortgage rates
Elevated mortgage rates, coupled with a stronger-than-expected inflation reading, dampened homebuilder sentiment in April.
04/15/2024 - 3:56 am | View Link - The idea that US interest rates will stay higher for longer is probably wrong
The 0.4% rise in US consumer prices in March didnt look like headline news. It was the same as the February increase, and the year-on-year rise of 3.5% is still sharply down from 5% a year ago. All ...
04/14/2024 - 11:39 pm | View Link - RBA won’t cut interest rates until 2025
Australia is expected to be almost the last major advanced economy to deliver an interest rate cut, after hot US inflation caused professional investors to push out bets for a local monetary easing ...
04/11/2024 - 6:52 pm | View Link - More
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