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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 will likely hike its interest rate 50 basis points in May and credit card-holders are likely to feel the impact as it filters down and card rates rise.
Some borrowers may want to pay attention to the Fed’s rate adjustments.
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Knowing bank holiday schedules can help you avoid delays on necessary transactions.
Some consumers may be feeling the pinch of stagflation already.
A widely watched housing report comes out Thursday.
Over time, a shrinking balance sheet could impact you more than a Fed rate hike.
Experts expect inflation to cool, but how soon that happens will be key.
Mortgage watchers will keep an eye on this week’s inflation report.
But there are a number of top banks that have eased their restrictions.
The Fed rate has a domino effect that can raise or lower auto loan rates.
If you have a home equity loan or variable mortgage, pay attention to the Fed.