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high interest rates

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FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington

Nation Sep 21

As Fed raises interest rates to combat inflation, central banks around the world follow

By Paul Solman

Politics Sep 21

Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the...
WATCH: Fed raises key interest rate by three-quarters of a point

The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008.

By Christopher Rugaber, Associated Press

Economy May 04

Signs advertising real estate for sale and rent sit on display at the end of a road in Columbus, Ohio, Thursday, May 18, 2006. Photo by Gary Gardiner/Bloomberg via Getty Images
How higher Federal Reserve rates stand to affect Americans’ finances

Economists foresee the fastest pace of rate increases since 1989. The result could be much higher borrowing costs for households well into the future as the Fed fights the most painfully high inflation in four decades.

By Christopher Rugaber, Associated Press

Economy Mar 16

Signs advertising real estate for sale and rent sit on display at the end of a road in Columbus, Ohio, Thursday, May 18, 2006. Photo by Gary Gardiner/Bloomberg via Getty Images
How will higher interest rates affect American finances?

Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation.

By Christopher Rugaber, Associated Press

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