Fed hikes interest rates, Trump fires back
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The Federal Reserve raised rates for the first time in more than three years. Here's what that means for you.
The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it even costlier to borrow for homes, autos and other purchases. But if you've been socking money away, you’ll probably earn a bit more interest on your savings.
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Fed raises interest rates by a quarter point in unanimous decision, marking first hike in 3 years
Wall Street was overwhelmingly expecting the Federal Reserve to raise interest rates for the first time in more than three years.
By Saqib Iqbal Ahmed and Harry Robertson NEW YORK, Sept 18 (Reuters) - The dollar jumped against the yen on Friday after two policymakers at the Bank of Japan dissented from a widely expected decision to raise interest rates,
The Fed just made its first interest-rate hike in three years, and the finances of many Americans are far from where they were the last time rates went up. That means they’ll have to come up with a different game plan to make the best of increasing rates this time,
Six members of the Monetary Policy Committee, which makes the decision, voted to hold the rate - while the other three wanted an increase to 4%.
ETFs like SHY could benefit as the Fed hikes rates, with short-term debt offering rising yields and limited duration risk.
By Stephen Culp and Tharuniyaa Lakshmi NEW YORK, Sept 17 (Reuters) - Wall Street bounced back on Thursday as easing oil prices, dropping US Treasury yields and solid labor data helped markets move beyond the Federal Reserve's first interest rate hike in more than three years.