Tagged: Interest Rates

Fed Unleashes Another Big Rate Hike but Hints at a Pullback

Fed Unleashes Another Big Rate Hike but Hints at a Pullback

Banking & Finance

The Fed's move boosted its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank's sixth rate hike this year — a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession. read more >