The Federal Reserve increased interest rates by 0.75% to help cool the high inflation, but it will make the costs of taking out a mortgage, car loan, or business loan more expensive.
The Federal Reserve increased interest rates by 0.75% to help cool the high inflation, but it will make the costs of taking out a mortgage, car loan, or business loan more expensive.
Federal Reserve Warns , No End in Sight for , Inflation and Economic Pain.
On August 26, Federal Reserve Chair
Jerome..
Officials have signaled the hike will be at least three quarters of a percentage point.