The Future of Interest Rates: What to Expect for Mortgages, Credit Cards, and More
TL;DR Summary
The Federal Reserve officials have raised interest rates to a 16-year high and indicated that they may not increase them further for now. However, they did not specify how they will determine when they have reached that point. Fed Chair Jerome Powell stated that the decision will be based on incoming data and its implications for economic activity and inflation.
- Is the Federal Reserve Done Raising Interest Rates? The Wall Street Journal
- Fed rate hikes could shake up your wallet — Here’s how mortgages, credit cards, and more will be affected AOL
- How interest rate hikes affect credit card debt, mortgages, more CBS News
- Express View: US Fed and ECB raise interest rates, but the rate hike cycle may be drawing to a close The Indian Express
- A Fed Rate Pause That Obsesses - WSJ The Wall Street Journal
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