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Interest Rates
The Fed just raised interest rates again. Here's what it means for us regular folks.
One analyst said this interest rate increase, the ninth in the past year, shows the Fed's "willingness to roll the dice" with the economy.
His hawkish statement at a congressional hearing shows concern over a stronger-than-expected economy.
The Fed's latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases.
WHAT'S HAPPENING
WHAT'S HAPPENING
Democrats are increasingly worried about the Federal Reserve tanking the economy.
With inflation an increasing challenge, it's more likely that the central bank will have to cause a recession to stop it, said Fed Chair Jerome Powell.
The Democratic senator said more increases could mean a recession with "millions of people out of work."
Fed chair Jerome Powell thinks the labor market is strong enough to withstand higher borrowing costs without suffering widespread job losses.
Inflation, rising interest rates, the ongoing Ukraine war and the continuing pandemic are raising concerns. Here's what the economic experts say.
Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan.
