interest rates

If you’re looking to buy or sell a home right now, high interest rates and low inventory aren’t making it easy.

Consumer Reporter Susan Hogan explains the impact of the latest Federal Reserve interest rate increase.

High interest rates mean mortgages, credit cards and student loans are more expensive. News4’s Susan Hogan has tips on budgeting to blunt the negative impacts of inflation.

The Federal Reserve has raised its key interest rate five times this year, most recently on Wednesday, as part of its ongoing effort to slow the pace of inflation.

The Federal Reserve has increased interest rates by 0.75%, increasing the cost of debt for credit cards, auto financing and other loans.

Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. Many economists say they fear that a recession is inevitable in the coming months. With it could come job losses that could cause hardship for households already hit worst by inflation. Wednesday, the Federal Reserve acted again...

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

The Federal Reserve has raised interest rates to combat high inflation. News4’s Erika Gonzalez spoke with Mark Hamrick of Bankrate.com on what that means for you.

“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet