Federal student loan borrowers will be required to pay their monthly student loan bills starting in October. The pandemic-related pause from 2020, was providing relief to nearly 44 million borrowers by freezing their accounts. After several extensions by both the Trump and Biden administrations, the pause expired after Congress prohibited the president from extending it another time. Restarting payments all at…
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.
For the first time since 2018, the Federal Reserve is raising interest rates by a quarter-percentage point. The Fed also hinted more increases are ahead this year, as it works to tame soaring inflation. The move comes despite the growing economic uncertainty in the U.S. caused by the war in Ukraine.
Consumer News: Columbia rent continues climb in December, Fed signaling interest rate hike and more.
