BREAKING: The Federal Reserve has raised interest rates in an effort to battle back a months-long surge of inflation set off by the Iran war. The move marks the central bank's first rate increase in three years. ABC News' Elizabeth Schulze reports. #federalreserve #inflation #economy #news #abcnews
2:52
BREAKING: The Federal Reserve has raised interest rates in an effort to battle back a months-long surge of inflation set off by the Iran war. The move marks the central bank's first rate increase in three years. ABC News' Elizabeth Schulze reports. #federalreserve #inflation #economy #news #abcnews
18.1K views1 month ago
TikTokabcnews
The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
1:21
The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
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