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The increase will add to interest costs for credit-card borrowers but won‘t directly affect mortgage rates.
We haven't written up this one. WSJ Markets has the full story — the link below goes straight to it.
The US Federal Reserve cited persistent inflation as it raised interest rates for the first time since 2023, aiming to support target levels.
The Federal Reserve raised interest rates today for the first time since July 2023 and flagged further increases in borrowing costs in coming months.
The Federal Reserve said the policy action 'will support a timelier return to the committee's two per cent goal'
Texas Intermediate (WTI) Oil holds near its daily low on Wednesday, showing little immediate reaction to the Federal Reserve’s (Fed) monetary policy announcement.
This was a hawkish meeting, with a unanimous vote for a hike, and more hikes indicated.
