Consumer borrowing costs are headed higher.
Much higher.
The Federal Reserve is set to raise its key short-term interest rate by a quarter percentage point Wednesday, and Americans will soon see higher rates on everything from credit cards to mortgages.
The good news: Consumers will finally see rates rise from measly levels on at least some bank savings accounts and CDs.
COVID-19
Surviving The 2nd Wave of Corona
‘This too shall pass away’ this famous Persian adage seems to be defeating us again and again in the case of COVID-19. Despite every effort
May 13, 2021
