NJ Spotlight News
Business Report: Interest rates rise
Clip: 9/21/2022 | 2m 48sVideo has Closed Captions
Federal Reserve forecasts anemic economic growth, rising unemployment
Interest rates are moving higher again, resulting in increased borrowing costs for consumers. Interest rates on credit card debt, home equity and car loans will rise now that the Federal Reserve is hiking rates by another 0.75%. Chairman Jerome Powell says the Fed will continue to raise rates to tamp down inflation, which is at a 40-year high.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Interest rates rise
Clip: 9/21/2022 | 2m 48sVideo has Closed Captions
Interest rates are moving higher again, resulting in increased borrowing costs for consumers. Interest rates on credit card debt, home equity and car loans will rise now that the Federal Reserve is hiking rates by another 0.75%. Chairman Jerome Powell says the Fed will continue to raise rates to tamp down inflation, which is at a 40-year high.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS