Fed Raises Rates for First Time in Years: What It Means for Your Wallet

Fed raises rates for first time in years: What it means for your wallet

Ramsey personality George Kamel explains how the Fed's first interest rate hike in more than three years could affect credit cards, mortgages and savings accounts.

Why the Fed's rate hike just came at the worst possible moment

On Sept. 16, the Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75% to 4% — its first rate hike in more than three years. Chairman Kevin Warsh described the move as essential to restoring the Fed’s credibility on inflation after more than five years of prices […]

Your Credit Cards Are Going to Feel the Fed's Rate Hike - But There Could Be an Upside for Savers

The Federal Reserve’s interest-rate hike could make carrying credit-card balances and taking out some new loans more expensive, while potentially delivering slightly higher returns to savers. A quarter-point increase will […]