HomeMortgagesFed interest rate hikes are shrinking. Debtholders will still struggle Dec. 14, 2022 at 5:00 amMortgagesFed interest rate hikes are shrinking. Debtholders will still struggleDecember 14, 2022no commentNo tags Fed interest rate hikes are shrinking. Debtholders will still struggle For You News Sports Entertainment Life Money Tech Travel Opinion The Fed is expected to raise rates by a half percentage point after its policy meeting Wednesday. That’s a step down from its 0.75-point interest rate hikes after each of its last four meetings. However, consumers aren’t likely to find comfort in this as the cost of their debt rises again. The Federal Reserve’s expected to take its foot off the accelerator but continue moving ahead with more interest rate hikes. It’s expected to boost interest rates for the seventh consecutive time this year on Wednesday afternoon, but “only” by a half point, instead of the three-quarter percentage-point jump we’ve seen after each of the last four policy meetings. The slower pace will give the economy a chance to digest the string of aggressive rate hikes so far this year, but consumers shouldn’t get complacent. There’s likely more rate indigestion ahead, and Americans should brace themselves for even higher interest rates, economists say. Source link share on Facebookshare on Pinterestshare on LinkedIn share on Tumblrshare on Redditshare on VKontakteadd a comment Leave a Response Cancel replyCommentName Email Save my name, email, and website in this browser for the next time I comment. Apple to allow third-party app stores in windfall for NFTs and cryptoEnd of ‘fantasy’ stock market brings relief and pressure for short sellersYou Might Also LikeMortgagesMartin Lewis’ MSE urges UK households to get £220 knocked off mortgage paymentsJuly 30, 2024MortgagesSantander Cuts Fixed-Rate Deals In Expectation Of Bank Rate Fall – Forbes Advisor UKJuly 30, 2024MortgagesUK mortgage approvals drop to six-month low as high borrowing costs deter buyersJuly 30, 2024MortgagesMolo reduces buy-to-let rates by up to 25 basis pointsJuly 30, 2024MortgagesMoney blog: Martin Lewis slams winter fuel announcement – and says one group will be hit hardest | UK NewsJuly 29, 2024MortgagesMortgage approvals remain steady as market awaits first rate cut: BoEJuly 29, 2024
The Fed is expected to raise rates by a half percentage point after its policy meeting Wednesday. That’s a step down from its 0.75-point interest rate hikes after each of its last four meetings. However, consumers aren’t likely to find comfort in this as the cost of their debt rises again. The Federal Reserve’s expected to take its foot off the accelerator but continue moving ahead with more interest rate hikes. It’s expected to boost interest rates for the seventh consecutive time this year on Wednesday afternoon, but “only” by a half point, instead of the three-quarter percentage-point jump we’ve seen after each of the last four policy meetings. The slower pace will give the economy a chance to digest the string of aggressive rate hikes so far this year, but consumers shouldn’t get complacent. There’s likely more rate indigestion ahead, and Americans should brace themselves for even higher interest rates, economists say.
MortgagesMartin Lewis’ MSE urges UK households to get £220 knocked off mortgage paymentsJuly 30, 2024
MortgagesSantander Cuts Fixed-Rate Deals In Expectation Of Bank Rate Fall – Forbes Advisor UKJuly 30, 2024
MortgagesUK mortgage approvals drop to six-month low as high borrowing costs deter buyersJuly 30, 2024
MortgagesMoney blog: Martin Lewis slams winter fuel announcement – and says one group will be hit hardest | UK NewsJuly 29, 2024
