What a Fed rate hike means for your personal finances

0
759

fed-hyke-rates
By Ben Steverman

Maybe this time higher interest rates actually mean higher interest rates.

A year ago, the Federal Reserve lifted the key U.S. interest rate for the first time in more than nine years. Counterintuitively, mortgage rates then fell, and homebuyers had one more chance to refinance at historically low rates.

Fed Chair Janet Yellen tried again Wednesday. The Fed’s Open Market Committee decided unanimously to raise rates for the first time since July. The move brings the target for the federal funds rate — the overnight lending rate between banks — to a range of 0.5 percent to 0.75 percent.

Read the Full Article at www.dailyherald.com >>>>

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleNorth Texas Veterans Served Free Meals
Next articleWhy stocks make the perfect gift for kids