Fed expected to hike interest rates for first time since 2023. See what it means for your money. - CBS News — SkimNews
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- Federal Reserve is expected to raise its benchmark interest rate for the first time in three years, ending a rate-hike pause that has held since 2023, according to headlines from CBS News and Yahoo Finance.
- Yahoo Finance is running live meeting updates as anticipation builds, while a partial third headline hints the expected move comes "defying" an unnamed party whose name is cut off at "Tr."
Why it matters: An end to the rate-hike pause would shift borrowing costs on mortgages, auto loans, and credit cards for consumers after roughly two years of stability, though the specific size of the expected rate change is not stated in the available headlines.
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