Fed Pauses Rate Hikes

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Fed rate

CNBC

•

Business

Business & Economics

3 key money moves to consider while the Fed keeps interest rates higher

Summary

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89% Informative

Federal Reserve Chair Jerome Powell has signaled that the central bank is in no hurry to start trimming its benchmark rate.

The Fed 's benchmark sets what banks charge each other for overnight lending, but also has a domino effect on almost all of the borrowing and savings rates Americans see every day.

Futures market pricing is implying virtually no chance of an interest rate cut at next month's meeting.

Some of the best ways to improve your credit score come down to paying your bills on time every month and keeping your utilization rate below 30% .

The resumption of federal student loan delinquency reporting on consumers' credit was also a contributing factor, the report said.

LendingTree found the largest impact comes from lower mortgage costs, followed by preferred rates.

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informal

Language

English

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