Skip to Main Content

Business Report: Interest rates increase

Rates are now at their highest level in 15 years

12/14/2022

NJ Spotlight News

Business Report: Interest rates increase

Clip: 12/14/2022 | 2m 30sVideo has Closed Captions

Rates are now at their highest level in 15 years

The Federal Reserve has raised interest rates for the seventh time this year. That means you’ll continue to pay more for all sorts of consumer loans, from credit cards to auto loans and certain mortgages. The Fed increased rates on Wednesday by a half a percentage point - less aggressive than previous hikes - but also said it expects to continue raising rates through next year.

12/14/2022

Problems playing video?   | Closed Captioning Feedback

Report a Problem

Before you submit an error, please consult our Video Help page.

Problems playing video?   | Closed Captioning Feedback

Report a Problem

Before you submit an error, please consult our Video Help page.

NJ Spotlight News is a local public television program presented by THIRTEEN PBS

Apparent winners called in Trenton's runoff election

Video has Closed Captions

Clip: 12/14/2022 | 4m 39s | Runoffs for three at-large seats also set for Jan. 24, 2023 (4m 39s)

Elizabeth residents upset over lift of rent increase cap

Video has Closed Captions

Clip: 12/14/2022 | 4m 9s | Data shows NJ is the seventh most-expensive state in the country for renters (4m 9s)

Local community celebrates Morocco's historic World Cup run

Video has Closed Captions

Clip: 12/14/2022 | 3m 33s | Morocco has ended its run with a loss to France (3m 33s)

Long-haul COVID, experts recommend bivalent booster

Video has Closed Captions

Clip: 12/14/2022 | 4m 37s | Other risk factors, like the flu and RSV continue (4m 37s)

Providing Support for PBS.org

Learn Moreabout PBS online sponsorship

Support for PBS provided by:

NJ Spotlight News is a local public television program presented by THIRTEEN PBS

Sign in with Email

or

Continue with GoogleContinue with FacebookContinue with Apple

By creating an account, you acknowledge that PBS may share your information with our member stations and our respective service providers, and that you have read and understand the Privacy Policy and Terms of Use.

Are you sure you want to remove null from My List?