NJ Spotlight News
Business Report: Fed raises interest rates
Clip: 11/2/2022 | 2m 43sVideo has Closed Captions
Interest rates for many loans will likely go higher
The Federal Reserve has hiked interest rates once more, by three-quarters of a point, as it intensifies its fight against inflation. That means rates for many loans will likely rise even higher. But the Fed indicated it could be less aggressive on raising interest rates in the months ahead. In New Jersey, we’ve seen higher rates slow the housing market.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Fed raises interest rates
Clip: 11/2/2022 | 2m 43sVideo has Closed Captions
The Federal Reserve has hiked interest rates once more, by three-quarters of a point, as it intensifies its fight against inflation. That means rates for many loans will likely rise even higher. But the Fed indicated it could be less aggressive on raising interest rates in the months ahead. In New Jersey, we’ve seen higher rates slow the housing market.
Problems playing video? | Closed Captioning Feedback
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS