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Fed rate hike hits credit cards and car loans as mortgage costs climb

The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Coverage (1)· Sep 16, 6:24 PM

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Los Angeles Times· Sep 16, 6:24 PMFed rate hike hits credit cards and car loans as mortgage costs climb

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The Fed raises interest rates by a quarter-point : NPRThe Federal Reserve raised its benchmark interest rate Wednesday to combat stubborn inflation. That will make it more expensive to borrow money to buy a car or carry a balance on a credit card.

NPR20d agoWhole story →

Economy fed rate hike

Since

Trump responds to new Fed chairman Kevin Warsh raising interest ratesPresident Trump on Wednesday called on the Federal Reserve to lower interest rates just hours after his hand-picked head of the central bank raised them for the first time in years.

New York Post19d agoWhole story →

Economy fed rate hike

Here’s what a Fed rate hike means for your mortgage, car loan and credit cardsThe Federal Reserve raised interest rates Wednesday for the first time since 2023, but that won’t mean the mortgage rate or car loan you’ve been eyeing will suddenly shoot up.

Spokane Spokesman-Review19d agoWhole story →

Economy fed rate hike

Morning Minute: Crypto Rebounds After The Fed’s First Hike Since 2023The Clarity Act failed to pass and FOMC hiked rates, and yet, crypto majors are green and alt leaders are flying. What does it mean?

Decrypt18d agoWhole story →

Economy HR 8957 HR 10357 fed rate hike

How the Fed rate hike impacts mortgages, car loans, credit card debtThe Federal Reserve just raised its benchmark interest rate. Here are some ways that could impact your wallet.

NBC10 Boston18d agoWhole story →

Economy fed rate hike

Trump Slams “Very Hostile” and “Very Political” Fed Board After Rate Hike - Says Interest Rates Should be 1% (VIDEO)President Trump on Wednesday slammed the Federal Reserve after a 12-0 vote to raise interest rates for the first time since 2023. The Gateway Pundit reported…

The Gateway Pundit18d agoWhole story →

Economy fed rate hike

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The Fed just raised rates. Here’s what it means for borrowers and saversThe Federal Reserve’s rate hike will change what you can earn on new savings products and what you’ll pay on new loans and credit card debt.

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Here’s what a Fed rate hike means for your mortgage, car loan and credit cardsThe Federal Reserve raised interest rates Wednesday for the first time since 2023, but that won’t mean the mortgage rate or car loan you’ve been eyeing will suddenly shoot up.

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How the Fed rate hike impacts mortgages, car loans, credit card debtThe Federal Reserve just raised its benchmark interest rate. Here are some ways that could impact your wallet.

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What does a Fed rate hike mean for mortgage rates?Homebuyers face higher borrowing costs after the 30-year fixed rate for mortgages rose last week to its highest level in nearly two years. Don’t just blame the Federal Reserve.

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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

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10-year Treasury yield hits 2002 high, raising mortgage and loan costsThe 10-year bond yield hit its highest level since 2002, impacting mortgage rates, credit cards, auto loans and housing as the market faces pressure from federal budget deficits.

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The Fed just raised rates. Our leaders should be worried about what comes nextThe Federal Reserve raised interest rates for the first time since 2023 as inflation remains elevated. Voters feeling the squeeze on mortgage rates and credit cards may not care.

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Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cutThe Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans,…

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