Fed Raises Interest Rates — Here's How the Move Could Hit Your Credit Cards, Mortgage and Auto Loan
Fed rate hike could raise borrowing costs while potentially giving savers higher returns on deposits.
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Why It Matters
When the Fed raises interest rates, borrowing money gets more expensive. Savers earn more on their bank accounts, but loans cost more.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.