Federal Reserve announces hike to key interest rates to slow down inflation
Credit cards interest rates and mortgage rates are expected to go up.
•
May 5, 2022, 9:41 AM
•
Updated 1,278 days ago
Share:
More Stories
2:41
Long Island food banks prepare for 'unprecedented' surge in food amid cuts to SNAP
3h ago1:43
The Cost Of: Fall weddings
4h ago0:26
Macy's reveals new balloons for Thanksgiving Day Parade
4h ago2:41
Mostly cloudy and windy today with scattered showers for Long Island
5h ago2:03
Open Enrollment begins for Medicare: Dr. Oz tells you what you need to know
5h ago0:49
Suffolk family wins free pizza for a year at local Huntington spot
5h ago2:41
Long Island food banks prepare for 'unprecedented' surge in food amid cuts to SNAP
3h ago1:43
The Cost Of: Fall weddings
4h ago0:26
Macy's reveals new balloons for Thanksgiving Day Parade
4h ago2:41
Mostly cloudy and windy today with scattered showers for Long Island
5h ago2:03
Open Enrollment begins for Medicare: Dr. Oz tells you what you need to know
5h ago0:49
Suffolk family wins free pizza for a year at local Huntington spot
5h agoThe Federal Reserve just announced it will raise key
interest rates .50% in an effort to fight record inflation.
How will higher rates impact you and your
wallet?
Credit
cards interest rates and mortgage rates are expected to go up.
Experts
predict it will only get worse with additional hikes expected in June
and July.
More from News 12
2:41
Long Island food banks prepare for 'unprecedented' surge in food amid cuts to SNAP
1:56
Candidates Koslow, Blakeman racing to the finish line for role of Nassau County executive
2:41
Mostly cloudy and windy today with scattered showers for Long Island
0:22
Adventureland to close its gates for the season
0:49
Suffolk family wins free pizza for a year at local Huntington spot
0:40
