Fed Rate Hold Maintains Borrowing Costs for Credit Cards and Mortgages
Borrowing costs for credit cards, car loans, and mortgages will remain unchanged. The Federal Open Market Committee is expected to keep interest rates in the range of 3.5% to 3.75% during its April 28 and 29 meeting. This would mark the third straight meeting where officials hold rates steady after three quarter-point cuts last fall. The fed funds rate directly affects borrowing costs across the economy.
More Briefs
Trump’s Threat to Fire Powell Exposes the Fault Line Between Monetary Policy and Political Power
Apr 16Trump's Threat to Fire Powell Reveals the Legal Barrier to Presidential Control of the Fed
Apr 16California crash victims face $1.9 million fatal crash cost risk due to slowest response times in U.S.
Apr 16Fidelity’s FFUT ETF brings institutional-grade managed futures to retail investors