Inflation Interest rates
The expected interest-rate increase will raise short-term borrowing costs for things like credit cards and it often has an indirect impact on mortgage rates. Fed raises interest rates for first time in 3.
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The Federal Reserve responded to the nations surging inflation Wednesday by inching up interest rates by a quarter of a percentage point and signaling it plans more hikes in the months to come.
. The Federal Reserve raised rates to battle inflation thats at a 40-year high. The Federal Reserve said on Wednesday that it would raise interest rates for the first time in three years as policymakers look to cool red-hot inflation a move that comes at a precarious time. It forecast six more hikes in 2022.
WASHINGTON AP The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s raising its benchmark short-term interest rate and signaling.
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