After raising interest rates 11 times since March 2022, the Fed is poised for another pause. Here’s what that means for your wallet.
The Federal Reserve is expected to pause its interest rate hiking campaign at the end of its two-day meeting this week.Here’s a breakdown of how the Fed impacts your monthly expenses and savings.is likely to pause its aggressive interest rate hikes when it meets this week, experts predict. But consumers may not feel any relief.
The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s.stands. Overall growth is holding steady as consumers continue to spend, but the labor market is beginning to loosen from historically tight conditions.
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