Interest rate

Interest rates can make or break personal financial management when it comes to credit cards, mortgages, auto loans, bonds and more.

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On Wednesday, March 16, Fed officials announced that they would raise their benchmark federal-funds rate by a quarter percentage point to a range between 0.25% and 0.5% from near zero.

Fed Makes Another ‘Unusually Large Increase’ in Interest Rates https://www.rismedia.com/2022/07/28/fed-makes-another-unusually-large-increase-interest-rates/ #RealEstate #Howsthemarket?

The US Federal Reserve (Fed) has raised its benchmark interest rate by 25 basis points to a target range of 4.5-4.75 per cent—the eighth consecutive rise by the central bank since March 2022. Inflation has eased somewhat but remains elevated, the Fed’s federal open market committee said, cautioning that ongoing increases would be needed to control inflation.

Census: 30% of Inland Empire late on rent 17% in Los Angeles-Orange County https://www.ocregister.com/2020/09/17/census-30-of-inland-empire-late-on-rent-17-in-los-angeles-orange-county/

The Federal Reserve is now fighting inflation and to do so it has refocused its attention on its policy rate of interest. Read more here.

Understanding how interest rates work can help - you can save money month after month.

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