The latest quarter percentage point, or 25 basis points, rate hike by the Fed will likely cause a 0.25% increase in your credit card interestrate. This means that if your interestrate ...
The Fedraisesrates to curb borrowing and economic ... The fedrate is the interestrate banks charge each other to borrow money. It is not the borrowing rate for consumers.
The Federal Reserve's move Wednesday to cut a key interestrate by half a percentage point sets the stage for further cuts, something economists say should boost two key sectors of Michigan's ...