The Fed's latest rate hike means it will likely cost you more to carry a credit card balance and borrow money.
– If you pay with plastic, you can expect the interest rate on that credit card to climb again. At the same time, you can earn more interest on your savings account.to try to stifle inflation.
Rossman suggests moving your balance to a card offering zero percent interest on balance transfers if you can’t pay off your cards. Just be sure to pay them off without adding more debt. The cost of borrowing to buy a house or car might be pushed higher, too. Those loans are already much steeper than last year.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Federal Reserve raises key interest rate 0.25%, signals more hikes likelyWhile there are some signs inflation is decelerating, officials warn that the Fed isn't likely to back off its rate hikes anytime soon.
Baca lebih lajut »
Federal Reserve raises its key rate for 8th timeThe central bank’s latest move put its benchmark short-term rate in a range of 4.5% to 4.75%, its highest level in about 15 years.
Baca lebih lajut »
Federal Reserve Lifts Interest Rates Another 25 Basis PointsWith today's 25 basis point hike, federalreserve has raised interest rates by a total of 4.5% over the last year. 'Shifting to a slower pace will better allow the committee to assess the economy's progress toward our goals,' Chair Jerome Powell says.
Baca lebih lajut »
The Federal Reserve blows off market expectations with first rate hike of the yearWe will have to wait until March for the Federal Reserve to explicate its monetary predictions, but the central bank's announcement that it would raise the federal funds rate by a quarter percentage point made clear that markets got it wrong — again.
Baca lebih lajut »
Federal Reserve hikes interest rates 0.25 percentage pointThe Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank said on Wednesday, its eighth consecutive hike as policy makers try to subdue inflation.
Baca lebih lajut »
Full recap of the Federal Reserve's rate hike and Chairman Jerome Powell's news conference“We can now say for the first time that the disinflationary process has started,” says Fed Chair Jerome Powell after today’s rate hike.
Baca lebih lajut »