interest rates

The Federal Reserve has raised its key interest rate five times this year, most recently on Wednesday, as part of its ongoing effort to slow the pace of inflation.

The Federal Reserve has increased interest rates by 0.75%, increasing the cost of debt for credit cards, auto financing and other loans.

Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. Many economists say they fear that a recession is inevitable in the coming months. With it could come job losses that could cause hardship for households already hit worst by inflation. Wednesday, the Federal Reserve acted again...

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The economic turmoil we’re dealing with every day has many feeling the pressure on their wallets. Rosie Ferrick of Somerville said she does what she can. “I drive less to save on gas. I watch for all the sales and I try to think economically. What else can I do?” Rising prices and a tanking stock market have us...

With prices on pretty much everything rising and the stock market tanking, many are wondering how long this economic stress will last.

Housing prices are through the roof with little inventory and high demand; many buyers are going to extreme measures to gain winning bids.

Housing prices are through the roof! Since the COVID-19 lockdown, there’s been little inventory and high demand. Homes are selling about as fast as they are listed and many buyers are going to extreme measures to gain that winning bid. “Homes that I’m listing now are basically flying off the market in 24 to 48 hours,” says Joleen Rose, a...

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The federal reserve raised interest rates in an attempt to stop rising inflation. Here’s how that will impact people in Massachusetts.

As the Fed tries to pump the brakes on inflation, it will get more expensive to borrow. Here’s how to prepare.

U.S. stock futures were little changed Thursday as bond yields and oil prices dropped.

The Fed’s shift away from low rates comes as the African American unemployment rate has sunk to 6.6%, a relatively low level historically but still twice the 3.3% rate among white Americans.

U.S. stock futures fell Wednesday, one day after the Dow and S&P 500 logged four-session winning streaks and the Nasdaq saw back-to-back gains.

Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is heading for recession.

U.S. stock futures rose Tuesday, pointing to multiday winning streaks for the Dow, S&P 500 and Nasdaq.

Canaccord Genuity’s Tony Dwyer believes investors should emphasize a different yield curve to predict the stock market’s direction.

The Federal Reserve’s efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.