With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a ...

While rate cut expectations for 7 August have risen due to the weakening labour market, the data intensifies the focus on the ...

The Federal Reserve's recent decision to maintain high interest rates for an extended period has sparked a debate over its potential impact on the U.S. economy. Despite the ongoing economic ...

The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.

Many think interest rates are too high, and a growing chorus of voices is calling on the Fed to cut rates. Are they right?

Consumers don’t need an economics lesson to understand the impact of high interest rates. They feel it in the cost of mortgages, currently above 7.5 percent for a 30-year, fixed-rate mortgage ...

Higher rates can have a significant impact on your plan to pay off your debt. Here's how. Getty Images There's no question that you've heard about today's high interest rates, and if you have any ...

The Fed raised rates by 0.25 percentage point. For borrowers, the higher interest rate means paying even more on credit cards, student loans and other types of variable-rate debt.

Home Prices Are Too High for Some Buyers. To help combat rising inflation, the Federal Reserve has been increasing interest rates. Rising interest rates mean consumers are paying more to borrow money.

Some retail store credit cards are now carrying whopping rates of more than 30%. “[Interest rate hikes] will most acutely impact those consumers who do not pay off their credit card balances in ...

Are you considering taking out a new high-interest loan or opening a credit card? Do you already have high-interest debt? In either case, you may be wondering how this debt can impact your ...

As we hit the halfway mark of 2024, the financial landscape continues to be characterized by high interest rates. While the beginning of the year offered some optimism that rates would soon ...