Breaking News

The Fed is poised to hike interest rates again

The Federal Reserve is expected to hike interest rates by a quarter of a percentage point Wednesday, from 1.75 to 2 percent.
This is the second increase of 2018. In March, the Fed also raised interest rates by a quarter point, from 1.50 to 1.75. There is expected to be at least one more rate hike this year. If the Fed is confident in the state of the economy, it could hike the rate twice more before the end of 2018.
The Federal Reserve will issue an official statement at 2 p.m. ET. This will be followed by a news  briefing by Federal Reserve Board Chairman Jerome Powell at 2:30 p.m. ET.
How does this affect me?
The Federal Reserve’s interest rate hike will raise the rate on everything from credit card interest to mortgages. This hike could add up to an additional $2.2 billion in interest payments on credit cards. The average interest rate

Continue Reading....

Check Also

Melania Trump spox: Secret Service notified over Peter Fonda’s nasty tweet about Barron Trump

Facebook Twitter Google+ Pinterest LinkedIn Digg Del StumbleUpon E-mail Reddit Buffer Love ThisFirst lady Melania …

Leave a Reply

Send this to a friend