Business > Economy

The Fed is about to raise interest rates again - here's how it happens and why it matters

23 days ago   |   By Business Insider

The Federal Reserve on Wednesday is set to raise its benchmark interest rate for the third time in 2018.
America's central bank adjusts the interest rates that banks charge to borrow from one another, a cost that is eventually passed on to consumers.
The Fed raises rates in a strong economy to contain excesses, and cuts borrowing costs when the economy needs support.
Banks give out money all the time - for a fee.
When we borrow and then pay back with interest, it's how banks make money.
The cost of borrowing, known as the interest rate, can make a big difference in which credit card you...
Read more ...

 

Fed poised to raise rates for third time this year

Fed poised to raise rates for third time this year

24 days ago   |   By Miami Herald

The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big...
Read more ...

 


Search by Tags

   Economy      Congress  


The $1 billion Mega Millions jackpot was just drawn - here are the winning...

The $1 billion Mega Millions jackpot was just drawn - here are the winning numbers

The $1 billion Mega Millions jackpot was just drawn - here are the winning numbers: 65-53-23-15-70 Mega-ball: 7 The odds of winning the record-breaking $1 billion jackpot were... Read more ...

A shadowy group spent £257,000 on Facebook ads asking people to drive a...

A shadowy group spent £257,000 on Facebook ads asking people to drive a knife into Theresa May's Brexit plan

Politicians have uncovered evidence of a dark advertising campaign on Facebook, in which Brits were encouraged to lobby against Prime Minister Theresa May's Brexit plan. The... Read more ...

California unemployment rate falls to record low 4.1 percent

California unemployment rate falls to record low 4.1 percent

The good economic times keep rolling in California, where the jobless rate fell to a record low 4.1 percent in September and the state's rural and agricultural areas are seeing... Read more ...

The DOJ has charged a Russian woman working for a close Putin ally with...

The DOJ has charged a Russian woman working for a close Putin ally with conspiring to interfere in the 2018 midterms

The Department of Justice announced on Friday that it has charged a Russian woman with conspiring to interfere in the 2018 US midterms. The woman, Elena Khusyaynova, is accused... Read more ...

Former Trump lawyer Michael Cohen is encouraging people to vote in the...

Former Trump lawyer Michael Cohen is encouraging people to vote in the midterms to prevent 'another 2 or another 6 years of this craziness'

President Donald Trump's former personal lawyer Michael Cohen recently changed his voter registration from Republican to Democrat and is encouraging people to turn out to vote... Read more ...

'You are messing with the wrong guy': The CEO of Cleveland-Cliffs...

'You are messing with the wrong guy': The CEO of Cleveland-Cliffs eviscerates Goldman Sachs analyst and short sellers

Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers. It's not the first time... Read more ...

Apple CEO Tim Cook demands Bloomberg retract its Chinese chip hacking report...

Apple CEO Tim Cook demands Bloomberg retract its Chinese chip hacking report - 'there is no truth in their story'

Bloomberg reported in early October that Chinese spies had infiltrated U.S. companies by planting microchips in their servers. Apple released a statement soon after denying the... Read more ...

Meghan Markle visited a beach in Australia wearing $120 wedges, a type of...

Meghan Markle visited a beach in Australia wearing $120 wedges, a type of shoe the queen reportedly doesn't like

Meghan Markle wore a stylish yet comfortable look while visiting Australia's Bondi Beach with Prince Harry on Friday. For the occasion, Markle opted for a striped $1,420 maxi... Read more ...

'All Americans should recoil from the president's praise for a violent...

'All Americans should recoil from the president's praise for a violent assault': White House Correspondents' Association condemns Trump's praise of lawmaker who body-slammed journalist

The White House Correspondents' Association accused President Donald Trump in a statement of "cheerleading for a violent act targeting a free and independent news media." On... Read more ...

76ers fans go wild as former top pick Markelle Fultz hits first career...

76ers fans go wild as former top pick Markelle Fultz hits first career three-pointer a year after seemingly forgetting how to shoot

Markelle Fultz made his first career three-pointer at the Sixers home opener on Thursday night. The Philadelphia crowd erupted after the make, as Fultz had spent much of the... Read more ...