The Fed’s benchmark rate is rising at its fastest clip since 1981. Here’s what financial experts say that means for your money.
Further hikes to interest rates won't affect a fixed-rate car loan you may have, and the same goes for fixed rate mortgages. If you carry a balance on a credit card, however, the rate you owe on that money will continue to rise alongside short-term rates set by the Fed., it's essential to take action ASAP.
Other options for easing your high-interest-rate debt burden include consolidating your debt under a low-rate personal loan or signing up with a credit counseling service. That may seem like cold comfort for savers who are enduring inflation north of 8%, points out Kelly Lavigne, vice president of consumer insights at Allianz Life."In this environment, you're going to lose money if you have cash sitting on the sidelines," he says.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Murphy asks for changes to N.J. unemployment billThe governor's conditional veto came after the feds said some provisions didn't conform with federal law.
Weiterlesen »
Texas' iconic Black's BBQ chain illegally let managers keep $230,000 in worker tips, feds sayThe order affects 274 workers at Black's, which operates restaurants in Austin, New Braunfels, Lockhart and San Marcos. Texas Barbecue TexasRestaurants TexasFood employmentlaw wages BBQ
Weiterlesen »
Feds accuse man of robbing 10 Cleveland-area stores at gunpoint in three weeksLawrence Sturdivant, 32, robbed stores and pharmacies in Shaker Heights and Cleveland by acting like he was buying candy before pulling out a gun and taking cash from the registers, according to court records.
Weiterlesen »
Central Pa. business was front for illegal drug manufacturing, feds claimDetails related to the 2019 indictment of three men were revealed in a just-filed search warrant affidavit.
Weiterlesen »
Republicans who cheer Texas’ surprise buses demand heads-up when feds move migrantsScores of House Republicans, including a dozen from Texas, have co-sponsored a proposal requiring federal agencies to provide a week’s notice to state and...
Weiterlesen »
NYC Men Steal $578,000, Bind Women With Zip Ties in Armed Check Cashing Spree: FedsTwo Brooklyn men are charged with stealing more than a half-million dollars in three armed robberies of New Jersey check cashing locations that saw female employees bound with zip ties, federal prosecutors announced Thursday. The men, 40-year-old Ramel Harris and 38-year-old Neville Brown, are also accused of canvassing check cashing locations in other states, including New York and Pennsylvania, over…
Weiterlesen »