Interest rate hike expected today

ABC’s Mona Kosar Abdi explains what that means for the average borrower.

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24 thoughts on “Interest rate hike expected today

  1. Realistically there's no winning in waiting to buy a house if the market keeps tumbling rates go up, if the market is high rates are low so do the math if your waiting for the big drop.

  2. Here’s what’s going to happen: Rates go up -> Cost to Barrow goes up -> Businesses stop barrowing as much -> less money for business functions -> businesses cannibalize employees to free up wages for other purposes/profits -> fewer people are able to buy things -> Profits shrink -> Corporations to raise prices to offset fewer buyers (there is no reason to lower prices since there is little to no competition in the US). In short? Rate Hikes DO NOT counter inflation. To do that, we need to fix the supply chain.

  3. This is just like comunism, they raise the price of fuel 3 or 4 dollars, then they lower it 0.50 cents and everyone gets all happy, needless to state, the reserve fuel Brandon says is tapping into, is for emergency situations, not to lower the price.
    Thanks Sleepy Joe, you have managed to screw up beyond believe, the conmmunist, drug cartel and terrorist countries are banking on all the fresh dollars you have been printing since you took over.
    And you Democrat voters, don`t stop bending over, he`s not done sticking it to you.

  4. When hand downs are given…free housing is given…and then the floor falls from underneath the millions of Americans who did not prepare for the eminent truth…pay your debts folks…live within your means…the wave of major recession…it’s coming

  5. why do they keep raising this? just give to the poor like Trump did (it is disastrous right now) they have provided some good output on when they've done this

  6. Rising interest rates…..more interest on the national debt… now even more of your taxpayer dollar goes to the interest on the debt, NOT towards government services.
    Expect tax increases to offset this.
    Let's go Brandon!

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