The Federal Reserve Leaves Rates Unchanged
Higher rates have a significant impact on someone attempting to get a new loan for big purchases including a home or a car and especially affects credit card holders.
The Federal Reserve has decided to leave interest rates unchanged. Fed officials have raised rates 11 times over the past year and a half. The goal was to push the key interest rate to a target range of 5.25% to 5.5% which marks the highest level in over 22 years. The federal funds rate is set by the central bank…