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 broader economic trends when it comes to longer-term borrowing costs, economists say.WDIV ClickOnDetroit15d agoWhole story →Economyfederal reserve rate hike
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.WDIV ClickOnDetroit17d agoWhole story →BuildEconomyfederal reserve rate hike
Why the Federal Reserve is lifting rates now, and what it meansAbout six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged.WDIV ClickOnDetroit18d agoWhole story →Economyfederal reserve rate hike
Fall housing outlook for Metro Detroit homebuyersThis week, the Federal Reserve increased its benchmark interest rate by a quarter-point, a move that likely will make it even costlier for consumers looking to buy a home.WDIV ClickOnDetroit18d agoWhole story →BuildEconomyfederal 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 inflation, a move that would put the central bank at odds with President Donald Trump’s demands.WDIV ClickOnDetroit21d agoWhole story →EconomyDonald Trumpfederal reserve rate hike
