How The Federal Reserve Impacts Personal Loans
The Federal Reserve has raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
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The Federal Reserve has raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
The decision means that officials on the Federal Open Market Committee (FOMC) will keep the federal funds rate in a target range of 5.25-5.5%.
As was widely expected, the Federal Reserve left its benchmark interest rate unchanged for its seventh meeting in a row on Wednesday.
The Biden administration aims to boost credit scores by removing medical debt from credit reports, a move that could impact 15 million Americans.
The Fed announced it's leaving interest rates unchanged for now. It comes as the central bank is projecting fewer cuts for 2024, despite cooling inflation.