November 06, 2018
The rate that helps determine rates for variable-rate consumer loans such as mortgages, auto loans, credit cards and other consumer borrowing has risen once again. On Wednesday, September 26th, the Federal Reserve raised its key short-term interest rate by a quarter point for the third time in 2018. Policymakers under chairman Jerome Powell unanimously agreed to raise the federal funds rate a quarter percentage point, to a range of 2% to 2.25%…
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