10 Hrs
Source:
USA TODAY
Fed Possibly to Hike Rates Again
The Federal Reserve is considering raising interest rates for the first time since 2023 due to persistent inflation, which remains above the Fed’s 2% target despite signs of slowing. Most traders anticipate a quarter-point increase at the September meeting, with further decisions depending on upcoming economic data. A rate hike could lead to higher borrowing costs for consumers, particularly affecting credit card and variable-rate loan payments, while potentially offering better returns on savings accounts.
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