The U.S. Federal Reserve is poised to raise interest rates for a fourth time since March. Financial advisors are sharing advice ahead of the next hike.
CLEVELAND — With inflation hitting record levels, the U.S. Federal Reserve is poised to hike interest rates for a fourth time since March. Wednesday, economists expect the Central Bank to impose a second consecutive increase of three-quarters of a percent.
“With being alone, by myself, it’s kind of hard,” said Odessa Rivers, a retiree who lost her husband earlier this year. “I’m getting help from my kids as much as I could. But I don’t want to press on them too much because they have their own life and their own finances and stuff to take care of.” “There’s some negative impacts we’ll see, particularly for folks that are taking out loans, with the interest rate rise,” Goldberg said.
The financial advisor and Berkshire Hathaway realtor explained she’s seeing rising interest rates affect the types of homes some buyers can afford.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; July Fed Meeting PreviewRates markets are fully discounting a 75-bps rate hike by the Federal Reserve this week, with a 13% chance of a 100-bps rate hike.
Read more »
China targeted the Fed for more than a decade, Senate report findsLawmakers accused the Chinese government of “malign efforts to target, influence and undermine the U.S. Federal Reserve” in a report released Tuesday.
Read more »
Fed policy and crumbling market sentiment could send the total crypto market cap back under $1TData shows investors jumping back into fiat and a lack of bullish leverage in the crypto market suggests another correction in the making.
Read more »
Fed set to impose another big rate hike to fight inflationFor now, the Fed is focused squarely on its inflation fight, and this week it’s set to announce another hefty hike in its benchmark interest rate.
Read more »
What a Fed 'pivot' would mean for markets, according to JPMorganA pivot by the Federal Reserve could mark a peak for the U.S. dollar, according to strategists at JPMorgan
Read more »
Bitcoin Drops Even as Wall Street's 'Fear Gauge' Indicates Calm Ahead of Fed DecisionBitcoin is showing renewed signs of weakness ahead of the Fed meeting, contradicting the calm in traditional markets. reports godbole17
Read more »