• Payments on everything from credit cards to cars could creep higher in March as the Fed ramps up its fight against inflation

    19 days ago - By Business Insider

    Bloomberg via Getty Images/Scott Eells
    New signals from the Federal Reserve suggest its first pandemic-era rate hike could arrive in March.
    Such an increase would lift rates on car loans, mortgages, savings interest, and credit card debt.
    The Fed has indicated it will raise rates multiple times in 2022 to fight historically high inflation.
    Buying a house or opening a credit card could get much more expensive in just a few months as the Fed plans its first interest rate hikes since the beginning of the pandemic. The move will touch everything from today's red-hot inflation to the price of...
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