interest

Javier Ghersi/Getty Images (NEW YORK) — When the Federal Reserve recently signaled interest rate cuts next year, the stock market soared to record highs and analysts voiced sunny hopes of a “soft landing.” Arriving less than a year before the presidential contest, the announcement raised a separate consideration: What the rate cuts could mean for […]

Bloomberg Creative/Getty Images (WASHINGTON) — A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday — and the enthusiasm owed little to what the central bank actually did. In addition to pausing its benchmark interest rate, the Fed forecasted a series of rate cuts next year. The move would start […]

IronHeart/Getty Images (NEW YORK) — Mortgage rates stand at their highest level in more than two decades. The average rate for credit card holders tops anything on record at the Federal Reserve. Car loans have returned to 2008 levels, car research group Edmunds found. Pain-inducing interest rates for just about any loan, experts said, trace […]

IronHeart/Getty Images (NEW YORK) — The Federal Reserve raised interest rates to a 22-year high this week — a milestone that carries major implications for the finances of everyday people, experts told ABC News. The move escalated an aggressive series of rate hikes that has helped dramatically reduce inflation from a peak last summer. But […]

Alex Wong/Getty Images (NEW YORK) — The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress. Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of rate increases that risks further banking woes […]