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Fed rate hike unlikely to derail home or car buying
The Fed raises its key rate by a quarter point but this won’t sharply lift mortgage or auto loan costs. Short-term borrowing for banks will rise and credit card and home equity rates may edge higher, while long-term rates stay subdued amid strong Treasury demand and low inflation.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Janet Yellen
Treasury
Treasurys
U.S
China
Carl Tannenbaum
Northern Trust
Chris Christopher
IHS Global Insight
Greg McBride
Bankrate.com
McBride
Doug Lewandowski
Chicago
Lewandowski
Frank Nothart
CoreLogic
Janet Yelien
New York Stock Exchange