federal reserve

Buying major items like homes and vehicles is about to get a little more expensive because the Federal Reserve raised interest rates again.

The Federal Reserve raises its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over.

The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.

Here’s how your mortgage, credit card, car loan, student debt and savings could be affected by the latest major Fed rate hike.

The Fed is expected to raise interest rates by three-quarters of a point Wednesday and then signal it will reduce the size of rate hikes starting in December.

In their updated economic forecasts, the Fed’s policymakers project that economic growth will remain weak for the next few years, with rising unemployment.

The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation. The increase will be a disappointment for Federal Reserve officials, who are seeking to cool hiring by raising short-term interest rates to try to slow borrowing and...

Fed Chairman Jerome Powell warned that he expects the central bank to continue raising rates in a way that will cause “some pain” to the economy.

Interest rates are on the rise. In an effort to combat high inflation, the Federal Reserve raised interest rates by three-quarters of a percentage point.

Interest rates are on the rise. In an effort to combat high inflation, the Federal Reserve raised interest rates by three-quarters of a percentage point. “The Federal Reserve is trying to hang on to the shirt-tails of consumers and saying ‘please, don’t spend so much,’” said University of New Haven Department Chair of Accounting, Finance and Marketing, Leah Hartman....

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.

Fed Governor Christopher Waller said he’s willing to consider what would be the most aggressive rate hike in decades at the central bank’s July meeting.

“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The Federal Reserve on Wednesday is expected to do something it hasn’t done in 28 years — increase interest rates by three-quarters of a percentage point.

Prices for gas, groceries and just about everything are going up and it’s changed how we’re living. “What I’ve noticed is progressively throughout the year, this year in general, I’ve been becoming more and more like conservative with my spending. So, like I’m not going to get nice things at the grocery store,” West Hartford resident Paul Delubac said....

The Federal Reserve said Monday that Russia’s war in Ukraine and surging inflation are now the greatest threats facing the global financial system, supplanting the coronavirus pandemic.

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

During inflation, here’s how consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money.