Average car prices remain high this year
If you're waiting for a better time to buy a car, you may have to keep waiting for a while.
If you’re waiting for a better time to buy a car, you may have to keep waiting for a while.
Federal Reserve
Mortgage rates hit highest average since April 2002
Mortgage rates in the United States have hit a record 20-year high.
Mortgage rates in the United States have hit a record 20-year high.
U.S. could lose 175,000 jobs a month
The United States could be on the verge of losing tens of thousands of jobs. Bank of America warns the Federal Reserve's aggressive inflation-reducing policies could also slow the job market.
The United States could be on the verge of losing tens of thousands of jobs. Bank of America warns the Federal Reserve’s aggressive inflation-reducing policies could also slow the job market.
The Federal Reserve raises rate hikes by .75%
The Federal Reserve instituted a dramatic interest rate hike on Wednesday, the latest in a series of borrowing cost increases, as the central bank tries to dial back near-historic inflation while avoiding an economic downturn.
The Federal Reserve expected to make history with another interest rate hike today
The Federal Reserve is expected to either raise its key short-term rate by three-quarters of a point for the third time in a row, to 3% or hike it by one full percentage point to three-and-a-quarter percent
The Federal Reserve is expected to either raise its key short-term rate by three-quarters of a point for the third time in a row, to 3% or hike it by one full percentage point to three-and-a-quarter percent
Mortgage rates at highest level since 2008
The 30-year fixed-rate mortgage now averages around 5.9% percent, up about .02% from the week before.
The 30-year fixed-rate mortgage now averages around 5.9% percent, up about .02% from the week before.
The Federal Reserve raised interest rates to help combat higher inflation rates and slow consumer spending
The FOMC raised its policy rate by three quarters of a percentage point
“I guess the first thing I would say to every household is that we know inflation is too high and we understand how painful it is. Particularly for people who are living paycheck to paycheck and spend most of that paycheck on necessities such as food and gas and heating their homes and clothing and things like that. We do understand that those people suffer the most,” said Chair of the Federal Reserve, Jerome Powell.
Stock market takes another dive
The stock market is taking another steep dive after the Federal Reserve raised interest rates to fight inflation, but what products are taking the biggest hit?
Concerns grow over the possible side effects of the recent interest rate hike
The Federal Reserve raised interest rates, with the biggest hike in nearly three decades, in order to help fight inflation. The move also triggers fears about the possible side effects, an economic slowdown or even a recession.
Fed raises interest rates for third time this year
The Federal Reserve aggressively raises interest rates again, the third time they’ve done that this year. The move is an attempt to bring down record-high inflation, but it’s expected to have an immediate impact on how much Americans will have to pay to borrow money. It is already sparking fears of a possible recession.
