Fed Raised Rates for 1st Time in Over 3 Years Last Week
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Your Money Matters More: Interest rates
In this week's Your Money Matters More, we're sitting down with a commercial real estate broker in Sioux Falls to better understand interest rates and how they impact real estate.
The Federal Reserve just raised interest rates this week for the first time this year. So how does it actually work? And what does it mean for the economy — and the rest of us? Here are some answers.
By Howard Schneider and Jacob Bogage WASHINGTON, Sept 23 (Reuters) - As a lifelong real estate investor whose businesses relied on debt and interest rates, President Donald Trump might be expected to know better: The 1% rate he keeps demanding from the US Federal Reserve is impractical and would likely backfire,
Higher interest rates will significantly affect consumer borrowing costs and savings returns, but the impact will not be felt equally across all households.