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The U.S. central bank is hiking rates at the fastest pace in decades, impacting how much you pay to borrow and how much you earn when you save. Get advice and stay informed on what to do with your wallet.
The central bank recently hiked its key rate.
For savers, here’s what to consider when the Fed raises interest rates.
The Fed continues its fight against inflation and is expected to take rates higher in September.
Some borrowers may want to pay attention to the Fed’s rate adjustments.
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How long will the job market hold up amid the Fed’s rapid rate hikes?
Economists see the Fed’s tightening cycle peaking at 4.5-4.75 percent.
That’s even despite the Fed’s fastest rate hikes since the 1980s.
Storm clouds are gathering above the economy amid high inflation and interest rates.
Mortgage market players will closely watch Friday’s jobs report for signs that the economy is cooling.
October could bring more weirdness to mortgage rates and an uncertain, if not scary, period for borrowers.
The ultimate risk is doing more harm than good to the U.S. economy.
The Federal Reserve raised interest rates on September 21, 2022. These interest rate changes are likely to affect the rates of personal loans.
Feeling deprived during lockdowns, Americans aren’t ready to fall back on progress.
Credit card debt is easy to get into and hard to get out of, but these strategies will help.