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 LikeMortgagesApril Mortgages praised for 15-year fixed rate mortgage support – The IntermediaryJune 18, 2024MortgagesI couldn’t remortgage due to mental health troubles, can I get compensation? DAVID HOLLINGWORTH repliesJune 18, 2024MortgagesLabour risks higher mortgage bills and worse unemployment, says HSBCJune 17, 2024MortgagesUK home values hit £342bn, returns to pre-pandemic level – Mortgage StrategyJune 17, 2024MortgagesUK housing market returns to pre-pandemic sizeJune 17, 2024Mortgages500,000 mortgage holders warned ‘contact bank now’ or risk ‘repossession’June 16, 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.
MortgagesApril Mortgages praised for 15-year fixed rate mortgage support – The IntermediaryJune 18, 2024
MortgagesI couldn’t remortgage due to mental health troubles, can I get compensation? DAVID HOLLINGWORTH repliesJune 18, 2024
