The famed investor expects a mild recession could take a turn for the worse on tightening monetary policy.

Borrowers are finally reacting to lower mortgage rates, boosting demand for both refinances and loans to purchase homes.

The Fed rate hike of half a percentage point moves the Prime Rate to a level that means business owners will be paying 10%-plus interest on debt.

The central bank is fighting the ghosts of past inflation, and a heavy-handed tactic on rates would ensure something somewhere will break.

Here’s how your mortgage, credit card, car loan, student debt and savings could be affected by the latest major Fed rate hike.

The Fed is expected to raise interest rates by three-quarters of a point Wednesday and then signal it will reduce the size of rate hikes starting in December.