How The Fed’s Series Of Rate Hikes Could Affect Your Finances

The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase—its seventh rate hike this year—will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases.

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BING NEWS:
  • Citizens chooses higher rate hikes for South Florida than its own numbers indicate
    The cost to keep state-owned Citizens Property Insurance Corp. as your insurer will rise by 14% in 2025 if state insurance regulators agree with rate hikes approved on Wednesday ... the 14% rate hike ...
    06/19/2024 - 1:42 am | View Link
  • Impact of Fed's Rate Pause on Buyers and Sellers
    The Fed's rate hikes have slowed the housing market, but home prices remain near record levels because home values are not driven just by interest rates.
    06/18/2024 - 4:59 am | View Link
  • Adjustable Rate Mortgages: Weighing the Risk of Unpredictable Rate Hikes
    Adjustable rate mortgages (ARMs) are a lending product that has appealed to many prospective homebuyers over the years. ARMs are typically a 30-year loan that begins at an initial fixed rate – lower ...
    06/17/2024 - 8:46 am | View Link
  • Federal Reserve holds interest rates steady, projects fewer cuts in 2024
    The Federal Reserve announced it's leaving interest rates unchanged for now. It comes as the central bank is projecting fewer cuts for 2024, despite cooling inflation.
    06/12/2024 - 3:30 pm | View Link
  • Fed holds interest rates steady, lowers forecast to just one cut in 2024 amid high inflation
    The Fed pared its forecast to 1 rate cut in 2024 despite Wednesday's CPI report which showed a further inflation slowdown.
    06/12/2024 - 8:50 am | View Link
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