Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the…
Tag: rate
3 crucial financial moves to make now after the Fed’s biggest rate hike since 1994
In a matter of months, it’s become more expensive to carry a credit card balance, a car loan or a mortgage as the Federal Reserve’s interest rate hikes have seeped…
Here’s what the Fed’s highest rate hike in 28 years means for you
What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to…
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed…
Considering an adjustable rate mortgage? Be sure to understand risks
Lifestylevisuals | E+ | Getty Images When interest rates rise, it’s common for some homebuyers to explore whether an adjustable rate mortgage would make sense for them. With an ARM,…
Here’s how you can prepare if there’s a 50 basis point Fed rate hike
Consumers are spending more to keep up with the surging cost of living, and it may get worse before it gets better. “Even though wage growth has been the best…
What is a 4% Withdrawal Rate? How it Might Haunt Your Retirement If you Don’t Understand It
A 4% withdrawal rate is a common rule of thumb when planning for retirement. But what does that mean? And more importantly, is it right for you? This blog post…
Here’s what the Fed’s half-point rate hike means for your money
The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than…
Argentina Raises Key Rate To 47% as Inflation Hits 20-Year High
(Bloomberg) — Argentina’s central bank raised interest rates for the fourth time this year after inflation data published earlier in the day showed prices increasing at the fastest monthly pace…
If thinking about an adjustable rate mortgage, consider the risks
Patrick T. Fallon | Bloomberg | Getty Images As interest rates tick upward, it may be tempting for homebuyers to explore adjustable rate mortgages. The appeal of an ARM, as…