The Federal Reserve leaves rates unchanged. Here's what that means for your wallet
Publishing timestamp: 2023-11-01 15:43:01
Summary
The Federal Reserve has left interest rates unchanged, which means consumers will not see any relief from high borrowing costs. Credit card rates are at an all-time high, mortgage rates have increased, home equity lines of credit rates are also high, and auto loan rates are the highest in 16 years. Student loan rates have also increased, and existing debt is accruing interest again. On the positive side, savings account rates have risen, but they are still low compared to online rates.
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