Despite speculation that the Fed would pause interest rate hikes, the central bank has announced a rate hike of 0.25 percentage point.
When the Federal Reserve changes its benchmark rate, everything from credit cards to savings accounts can be affected.
Here’s a closer look at our cost-basis rule, why we hold it in such high regard, and a couple of exceptions.
Knowing the math behind percentages is essential to understanding how investments and markets function.
The central bank’s Monetary Policy Committee voted 6-3 in favor of the half-percentage point hike.
The European Central Bank will continue to hike benchmark rates, albeit at a slower pace, with inflation expected to be close to a peak.
The European Central Bank announced another 75-basis-point rate hike — its third consecutive increase this year — and new measures for European banks.