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Expert offers debt advice after Federal Reserve raises interest rates

A credit counseling expert warns the Fed’s quarter-point rate increase could deepen pressure on households carrying costly credit card debt.

Sources (1)· Sep 16, 7:32 PM

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WJLA· Sep 16, 7:32 PMExpert offers debt advice after Federal Reserve raises interest rates

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Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cutThe move comes as Americans are already struggling with high costs for groceries, gas, and housing. Affordability has taken on a leading role in the upcoming midterm elections, just seven weeks away.

The Philadelphia Inquirer23d agoWhole story →

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The Federal Reserve just raised interest rates for the first time since 2023. Here's how mortgage rates may respond.The Fed just raised rates by a quarter point. Here's how that rate shift could now impact mortgage rates.

CBS News23d agoWhole story →

Build federal reserve rate hike

Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high

Breitbart News Network24d agoWhole story →

Economy Donald Trump federal reserve rate hike

What it means for your moneyThe Federal Reserve is widely expected to raise its benchmark interest rate by a quarter percentage point at its September meeting.

CNBC25d agoWhole story →

Economy federal reserve rate hike

The Fed is preparing to raise rates. What if it doesn’t work?The Federal Reserve has spent years holding off on higher interest rates, wary of doing unnecessary damage to the US economy. Now, as it prepares to raise rates this week, officials are facing a new question: Will they need multiple rate hikes to bring inflation down?

Cable News Network26d agoWhole story →

Economy federal reserve rate hike

Since

Fed’s Paulson says modest further rate increases may be neededFederal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.

Spokane Spokesman-Review15d agoWhole story →

Economy federal reserve rate hike

Fact Check Team: What higher interest rates mean for mortgages, borrowers and saversMortgage rates are back above 7%, adding to the financial pressure facing prospective homebuyers as the Federal Reserve raises its benchmark interest rate.

Baltimore News15d agoWhole story →

Build federal reserve rate hike

Dollar set for weekly gains as yields surge, Fed bets buildThe dollar was set for its first back-to-back weekly gains in more than three months on Friday, as surging Treasury yields and mounting bets on further Federal ‌Reserve rate hikes kept the greenback near multi-month peaks.

Reuters15d agoWhole story →

Economy federal reserve rate hike

Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than

Breitbart News Network14d agoWhole story →

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As Bessent Muscles Bank of Japan, the Fed and European Central Bank Set Their Own CoursesLast Wednesday, in the first rate hike in over three years, the Federal Reserve raised its benchmark rate—the Federal Funds Rate—by a quarter of a percentage

EUROPE SAYS13d agoWhole story →

Economy federal reserve rate hike

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