Fed Poised to Hold Rates in July, Eyeing September Move
TL;DR
Markets expect the Fed to hold rates steady at July’s meeting, with a possible move in September as energy prices rise and inflation eases to about 3.5%; borrowing costs for mortgages (around 6.5%+), autos, and credit cards (roughly 23.8% APR) are likely to stay elevated, while savings yields remain attractive as longer-term yields creep higher.
Topics:businesseconomy#consumer-finance#economy#federal-reserve#inflation#interest-rates#mortgage-rates
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