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Here's how the Fed's rate hike affects specifically credit card APRs, plus how you can avoid being impacted too much. The Fed controls what's called the federal funds rate, or the interest ...
Given today's tariff uncertainty, holding cash feels wise right now. And with the Fed's rate likely remaining high, you can ...
President Donald Trump could be setting up Fed Chair Jerome Powell as a 'scapegoat' if a recession hits, according to an MSU ...
In an effort to support the economy, the FOMC dropped the federal funds target rate to a range of zero to 0.25%. However, as the economy bounced back shortly after, so did inflation. The ...
CD rates are a product of their economic times, and we're currently in a rosy period. At other times in history, CD rates ...
"HELOCs are based on the prime rate. So when the Fed moves the federal funds rate, the prime rate also moves in lockstep with the federal funds rate," says Melissa Cohn, regional ...
The central bank is bracing for President Trump’s tariffs to dent growth while stoking inflation, keeping interest rate cuts ...
President Donald Trump is not happy with Federal Reserve Chair Jerome Powell. Airing his grievances over the weekend on Truth ...