The Fed indicated rates will remain higher for longer. What does that mean for you? | NewsNation Now
Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases at the consumer level are slowing to its 2% target.
Economist Mark Zandi joined “NewsNation Now” to discuss the Fed’s decision and pesky inflation.
#Inflation #UCEconomy