Fed interest rate hike: Here's the impact on credit rates, mortgages, and the rest of your wallet - CBS News

Economists expect a sharp increase in borrowing costs. That could impact credit cards, loans and other debt.

The Federal Reserve is turning to its most potent weapon to combat the highest inflation in 40 years: Boosting interest rates. On Wednesday, the central bank said it is increasing its benchmark short… [+5372 chars]

full article...