Tag Archives: Federal Reserve System

Here’s why your credit score matters and how to improve it

Peopleimages | Istock | Getty Images In just a matter of months, mortgage rates have surged from just over 3% for a 30-year fixed loan to just north of 5%. As potential homebuyers follow those figures, t. is one thing they may be overlooking: their credit score. The three-digit number has a big impact on […]

Here are money moves to make amid high inflation, rising interest rates

RgStudio | E+ | Getty Images New government data showing record high inflation probably comes as no surprise to consumers who are facing sticker shock everyw. from the grocery aisles to the gas pump. Now, all eyes are on the Federal Reserve, which is expected to continue to raise interest rates to try to tamp […]

Here’s what the Fed’s expected rate hike means for your wallet

The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and […]