As the Federal Reserve warns it could continue to raise benchmark interest rates, it raises questions about what it means for the general public. Cheddar News Senior Reporter Chloe Aiello explains the trickle down effect it has on the broader economy, from inching up interest in your savings accounts to forcing large-scale layoffs.
Share:
More In Business
Mortgage Rates Lower to 6.63%. Prospective Homebuyers Exhale
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
How to Save for Retirement the Right Way
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
Microsoft is the ‘Best A.I. Play Out There’
(Photo by Anna Moneymaker/Getty Images)
Social Media CEOs Testify in Senate Hearing Over Child Safety
The heated hearing began with recorded testimony from kids and parents talking about being exploited on social media. Throughout the hours-long event, parents who lost children to suicide silently held up pictures of their dead kids.
How Pro, Really, Is Apple's Vision For AR Headsets?
No, Apple isn't entering the ski mask market. Available February 2, the Vision Pro is an augmented-reality headset, and it costs around $3,500.
Adtalem Global Education CEO Responds to Report Calling it ‘Uninvestable’
Adtalem CEO Steve Beard addresses a report from Safkhet Capital taking the short position on the for-profit education giant, plus why he believes there should be financial recourse for student loan borrowers misled by their institutions.
Americares Is Celebrating 45 Years of Lifesaving Aid
CEO of Americares Christine Squires shares how the organization is helping provide medical assistance in a time of increasing instability, war, and climate-related disaster.
How Investors Can Take Advantage of the A.I. Boom
Doug Clinton, Deepwater Asset Management managing partner, shares tips for investors looking to take advantage of the massive boom in artificial intelligence beyond Microsoft and Nvidia.
5 Things Every Traveler Should Do to Avoid Airbnb Scams and Score the Best Listings
After an $8.5 million scam on its site, Airbnb is cracking down on fraudulent listings. Make sure your getaway doesn't get away from you.
