Fed reserve increase rates – what it means for you

Published

3 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.

Global EV shake-up: Australia slows, China surges, Lexus teases supercar

Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.

Published

9 hours ago

December 8, 2025

Harvey Vargas

Australia’s EV market slows, sales below 100,000; Costello discusses barriers and climate goals in latest Ticker episode.

Australia’s electric vehicle market is facing a slowdown, with sales struggling to hit the 100,000 mark this year.

Mike Costello from Cox Automotive breaks down the key barriers slowing adoption and explains whether current growth is enough to meet the country’s climate goals.

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#EVNews #ElectricCars #AustraliaEV #ChinaEV #LexusLFA #Zeekr7X #SustainableTransport #EVMarket

News

Lando Norris claims first F1 World Championship after dramatic Abu Dhabi showdown

Published

13 hours ago

December 8, 2025

Harvey Vargas

Lando Norris secures his first F1 World Championship at Abu Dhabi, becoming Britain’s 11th World Champion with 423 points.

Lando Norris has clinched his maiden Formula 1 World Championship after an electrifying finale at the Abu Dhabi Grand Prix. In a race packed with tension, Norris held onto third place — the exact result he needed to secure the title.

His performance not only sealed his first championship but also cemented him as Britain’s 11th F1 World Champion, marking a historic moment for McLaren and the sport.

Norris closed out the season with 423 points, marking a defining milestone in his career.

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#Formula1 #F1News #LandoNorris #MaxVerstappen #OscarPiastri #AbuDhabiGP #McLarenF1 #TickerNews

News

China naval activity raises tensions from Philippines to Galápagos

Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.

Published

14 hours ago

December 8, 2025

Harvey Vargas

Rising tensions in the South China Sea prompt expert insights on regional security and global trade implications.

Tensions in the South China Sea are rising as Chinese naval and fishing vessels are spotted near the Philippines and even as far as the Galápagos Islands. Experts warn these movements could impact regional security and international waters.

We speak with Tim Harcourt from UTS to break down the significance of these developments, including the role of Taiwan, ASEAN, and Japan in responding to Chinese maritime activity.

From potential diplomatic fallout to economic implications, this interview dives into what these naval movements mean for the future of the region and global trade.

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#ChinaNaval #SouthChinaSea #Geopolitics #Philippines #Galapagos #MaritimeTensions #InternationalRelations #TickerNews