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Here’s what a Fed rate hike means for your mortgage, car loan and credit cards

The 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.

Sources (1)· Sep 17, 1:19 AM

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Spokane Spokesman-Review· Sep 17, 1:19 AMHere’s what a Fed rate hike means for your mortgage, car loan and credit cards

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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 Post21d agoWhole story →

Economy fed rate hike

Fed rate hike hits credit cards and car loans as mortgage costs climbThe Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Los Angeles Times21d agoWhole story →

Economy fed rate hike

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.

NPR22d agoWhole story →

Economy fed rate hike

Since

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?

Decrypt20d 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.

NBC 5 Chicago20d 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 Pundit20d agoWhole story →

Economy fed rate hike

Fed, BoJ hike as energy shock keeps central banks on guardKUWAIT: Global markets were driven by a busy central bank week as policymakers stepped up their response to energy-driven inflation. The Federal Reserve

EUROPE SAYS17d agoWhole story →

Economy fed rate hike

Federal Reserve official says fighting inflation likely to be 'painful'A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of persistent supply shocks, including the Iran war and…

The Atlanta Journal-Constitution16d agoWhole story →

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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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Fed rate hike hits credit cards and car loans as mortgage costs climbThe Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

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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.

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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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