The Fed is expected to raise interest rates for the first time in 3 years
- The Fed: 7 events in the last 90 days
- Previous: earlier the same day · Is the two-decade era of low interest rates over? The Fed has to decide.
What happened
The Fed is widely expected to raise its benchmark interest rate to combat stubborn inflation. That could make it more expensive to borrow money to buy a car or carry a balance on a credit card.
Summary assembled by rule from the sources below