Tag Archives: federal reserve

Fed raises rates, boosts outlook for borrowing costs in 2017

Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening. The Federal Open Market Committee ...

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Any Fed rate increase would have little impact on mortgages, Md. bankers say

“If anything, it’s (interest rate increases) a good sign that the economy is healthy and is growing,” said Scott Murphy, partner at portfolio manager at Tufton Capital Management. “It would show consumer confidence is back.” (Thinkstock)

The Federal Reserve has greatly changed its plans since it initially forecast as many as four rate increases throughout 2016 after raising rates late last year for the first time in nearly a decade. Rate increases are likely only if the economy clearly is ...

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Buying a car? A home? Fed rate hike shouldn’t matter much

Federal Reserve Chair Janet Yellen's Washington news conference is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015. The Fed's move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis. (Richard Drew/AP)

WASHINGTON — For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump ...

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