Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return. The unusually large three-quarter point hike in its benchmark short-term rate that the Federal Reserve announced on June 15 won’t, by itself, have a huge effect on most Americans’…
How a Higher Fed Rate Affects Your Finances
June 18, 2022
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Prominent VC Warns Markets Could Fall ‘Quite A Bit More’
After a nice upward move on the day of the Fed rate hike, the market has retreated sharply in the three subsequent sessions. The sell-off isn’t quite done yet, according to Redpoint Ventures. Fall Between Wednesday and Monday, the SPDR S&P 500 ETF Trust has lost over 7 percent. The weakness is starker when we consider the all-time high…
Fed Official Says 0.75 Point Interest Rate Hike Cannot Be Ruled Out
Cleveland Federal Reserve Bank President Loretta Mester recently said that she can’t rule out the possibility of a 75-basis-point interest rate hike by the Federal Reserve, depending on where inflation is heading. “We don’t rule out 75 forever, right? The cadence we’re going now seems about right to me,” Mester said during a May 10…
Analysts Expect Dollar to Remain Strong Over Next 6 Months, Fed Raises Interest Rates
The U.S. dollar is expected to retain much of its recent gains for at least the next six months according to a recent Reuters poll of foreign exchange strategists, which also predicted the currency weakening in a year. The dollar index has risen by more than 14 percent since the beginning of 2021, with about…
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