Today news
About the same in other media
What Fed Rate Increases Mean for Your Financial Plans
Reading now: 463
wsj.comThe Federal Reserve is expected to raise interest rates Wednesday, stepping up its efforts to rein in inflation. The move will ripple through the financial world and the wallets of millions of Americans, changing the math on a range of money decisions big and small.
With inflation hitting 8.6% in May, the cost of everything from lawn care to air conditioning is on the rise. The Fed rate increases are intended to cool the economy and slow the runaway growth in prices. The market has been falling for several weeks as the Fed started to raise rates and on Monday, stocks entered into a bear market.
Read more on wsj.comAbout this in other media
Powell tells Congress the Fed is 'strongly committed' to bringing down inflation cnbc.com /2 years ago
US Fed to Blame for Downturn, Large Crypto Players Have Responsibility Toward Ecosystem - FTX CEO cryptonews.com /2 years ago
Emerging Crypto Art Platform Outland Raises USD 5M Seed Round Led by OKG Ventures cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
