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Fed Raises Rates Amid Inflation Concerns | Corpus Christi News
The Fed just raised rates for the first time in three years—by a quarter point—to battle stubborn inflation at 3.4%. Despite President Trump pushing for cheaper borrowing, the central bank stayed firm, aiming for its 2% target. Expect higher costs on mortgages, car loans, and credit cards as borrowing gets more expensive. Rates are still far from their peak in 2023-2024, but with strong job growth, the Fed believes it can cool prices without hurting the economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is…
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