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By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — The Federal Reserve has raised the cost of money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it even costlier…

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 to quell stubbornly high inflation, a move that could prompt a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could raise borrowing costs for mortgages, auto loans, and…

Navigating the application process for Social Security Disability Insurance (SSDI) can be difficult. People wait around six months on average just to get a first decision, according to the latest available government data. Even then, that initial decision is more often than not a ‘no.’ Among claims filed from 2014 through 2023, 68% were denied,…

President Trump addresses Federal Reserve rate hike amid inflation concerns President Donald Trump criticized the Federal Reserve’s first interest rate hike in three years, saying rates are already too high. Trump also revealed he spoke with Fed Chair Kevin Warsh before the vote, while Warsh said persistent inflation and higher energy prices remain concerns. Senior…

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 16, 2026. Jeenah Moon | Reuters Stock futures climbed early Thursday following a market sell-off incited by the first Federal Reserve interest rate hike in three years. Futures tied to the Dow Jones Industrial Average advanced 331…

CAPE GIRARDEAU, Mo. (Heartland News) – Today, the Federal Reserve’s Federal Open Market Committee voted to increase the federal funds rate: a short-term interest rate that banks charge other banks for overnight loans. They increased the rate from 3.75% to 4%. Households, businesses or any entity with short-term debt are likely to see a ripple…

The benchmark 10-year US Treasury yield moved back below 5%, falling to around 4.95%. The yield had climbed above 5% after the Fed announced its policy decision on Wednesday. Lower Treasury yields reduced some pressure on equities, particularly technology companies. Higher government bond yields can make risk-free assets more competitive with stocks and increase financing…

The Fed just raised its benchmark interest rate. Here’s the guidebook for consumers to make the best of it. – MarketWatch photo illustration/iStockphoto The Fed just made its first interest-rate hike in three years, and the finances of many Americans are far from where they were the last time rates went up. That means they’ll…

President Donald Trump apparently offered some advice to Federal Reserve chair Kevin Warsh before the board unanimously voted to raise interest rates by a quarter point on Wednesday, September 16. On Wednesday, a reporter asked the commander in chief, 80, “Do you still have confidence in the Fed chair Kevin?” after interest rates were raised…

Gold’s spot price — or its current trading value — today as of 9:00 a.m. ET is $4,364.63 per ounce, according to CNBC’s Gold/ US Dollar Spot Price. That’s slightly higher than Wednesday’s price, when it traded at $4,348.01 per ounce at the same time. Gold is a safe-haven asset that investors gravitate toward when…