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Are higher interest rates coming? What the Fed rate hike means for you

higher interest rates fed rate hike

The economy is looking rosy, and Federal Reserve officials showed their optimism by raising the benchmark interest rate by a quarter of a percentage point Wednesday for the sixth time since December 2015. The central bank lifted the federal funds rate to a range of 1.5% to 1.75%. This latest Fed rate hike is the first under new Fed Chairman Jerome Powell, who replaced Janet Yellen.

Q&A with Robert Hartwig: Navigating personal loans and credit

navigating personal loans and credit

If you’re shopping for a personal loan, you’ve likely been shuffling through lender-to-lender comparisons and trying to decipher financial jargon. We get it — it’s a daunting task. But with so many lenders in the market, it’s crucial to understand everything that’s involved in obtaining a loan. And understanding how personal loans and credit work together is one of those things.