{
  "id": 8641170,
  "title": "Fed Raises Interest Rates — Here's How the Move Could Hit Your Credit Cards, Mortgage and Auto Loan",
  "url": "https://urgent.news/2026/09/18/fed-raises-interest-rates-heres-how-the-move-could-hit-your-credit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T23:30:08.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/policy/articles/fed-raises-interest-rates-heres-233008675.html"
  },
  "original_language": "en",
  "account": "The Federal Reserve increased the federal funds rate by 25 basis points to a range of 3.75% to 4% on Wednesday, its first hike since July 2023. This move is expected to raise borrowing costs for consumers and affect credit cards, home loans, auto loans, and savings. Credit card rates, which are variable and linked to the prime rate, are likely to rise by about a quarter point in the coming months. Mortgage rates, however, are not directly tied to the federal funds rate and may remain high due to broader bond-market conditions. Auto loan rates could also see a slight increase, adding a few dollars per month to a typical loan. Fixed-rate student loans will not be impacted, but private student loans may see variable rates tied to benchmarks like prime or Treasury bills rise. Savings rates are expected to increase, potentially improving returns on high-yield savings accounts, certificates of deposit, and money-market accounts.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}