BREAKING: The Federal Reserve has raised interest rates in an effort to battle back a months-long surge of inflation set off by the Iran war. The move marks the central bank's first rate increase in three years. ABC News' Elizabeth Schulze reports. #federalreserve #inflation #economy #news #abcnews
2:52
BREAKING: The Federal Reserve has raised interest rates in an effort to battle back a months-long surge of inflation set off by the Iran war. The move marks the central bank's first rate increase in three years. ABC News' Elizabeth Schulze reports. #federalreserve #inflation #economy #news #abcnews
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The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
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The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
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Six soldiers were awarded Purple Hearts at a ceremony on Sept. 19 at B.T. Collins Army Reserve Center in Depot Park honoring members of the Sacramento-based 319th Expeditionary Signal Battalion who were wounded after deploying to the Middle East amid the war in Iran. In addition to Purple Hearts, soldiers at the ceremony received numerous combat action badges. ⠀ The unit first deployed to the Middle East last August, amid heightened tensions between the United States and Iran. The conflict began
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