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 1,088 days ago
Share:
More Stories
0:53
LI motorcyclists gather for Safety Run in wake of 2 fatal incidents
58m ago2:15
Nesconset Remarkable Wrestling school prepares for 'Cream of the Crop' event
1h ago1:33
FDA: 8 artificial food dyes will be phased by end of 2026
2h ago1:55
Breezy Sunday, a few warm days next week on Long Island
6h ago0:25
Nassau County to celebrate 100th anniversary of NCPD with parade in Wantagh
7h ago0:29
Police: 38-year-old man arrested for possessing gun and knife at traffic stop
7h ago0:53
LI motorcyclists gather for Safety Run in wake of 2 fatal incidents
58m ago2:15
Nesconset Remarkable Wrestling school prepares for 'Cream of the Crop' event
1h ago1:33
FDA: 8 artificial food dyes will be phased by end of 2026
2h ago1:55
Breezy Sunday, a few warm days next week on Long Island
6h ago0:25
Nassau County to celebrate 100th anniversary of NCPD with parade in Wantagh
7h ago0:29
Police: 38-year-old man arrested for possessing gun and knife at traffic stop
7h 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
0:53
LI motorcyclists gather for Safety Run in wake of 2 fatal incidents
1:55
Breezy Sunday, a few warm days next week on Long Island
2:15
Nesconset Remarkable Wrestling school prepares for 'Cream of the Crop' event
0:25
Nassau County to celebrate 100th anniversary of NCPD with parade in Wantagh
2:05
Police: Western NY man charged with murder in North Hills road rage incident
0:29