Money

Fed’s trying to halt inflation with big rate hikes. How this affects debt, stocks, savings

Medora Lee and Paul Davidson, USA TODAY Comments Off on Fed’s trying to halt inflation with big rate hikes. How this affects debt, stocks, savings

The Fed raised rates by 75 basis points. That will increase every consumer rate from auto and home loans to savings and credit card rates.

     
Medora Lee and Paul Davidson, USA TODAY
https://api-internal.usatoday.com.akadns.net

Related Articles
Money

Former Rep. Harold Ford Jr. fired for alleged ‘misconduct;’ denies wrongdoing

USA TODAY NETWORK – Tennessee

Morgan Stanley said the former Tennessee congressman was terminated for ‘conduct inconsistent with our values and in violation of our policies.’
Featured Money

Bitcoin tops $16,000, and its $271B market value passes Home Depot’s

USA TODAY

The cryptocurrency’s rise in price makes it more valuable than all but 12 of the 500 companies in the S&P 500 stock index.
Money

4 money-saving strategies from spouses who bank 85% of their income

CNBC

Some couples live modestly, choosing to save and invest about 85% of their income.