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.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Interest rates increase
Clip: 12/14/2022 | 2m 30sVideo has Closed Captions
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.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS