Fed reserve increase rates – what it means for you

Published

2 years ago

July 28, 2022

Mortgage repayments in the United States are on the rise again, with the Federal Reserve hiking rates by three-quarters of a percent for the second month in a row

The Fed is trying to push down runaway inflation without creating a recession.

It’s the most dramatic action taken by the Fed since the 1990s, and will impact loan repayments for millions of Americans.

Mortgages, car loans and credit cards will all be impacted.

Markets expected the move after Fed officials telegraphed the increase in a series of statements over recent weeks.

Central bankers say the priority is to bring down inflation, even if it slows down the economy.

Fed Chair Jerome Powell doesn’t believe the US economy is in recession, though growth was negative in the first quarter and was expected to be barely positive in the second quarter.

Mortgage rates have been rapidly climbing since the beginning of 2022, and currently sit at 5.7% for a fixed-rate mortgage.

Why “stagflation” will be the greatest financial threat of 2024

Published

16 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

16 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity