In the federal reserve, despite some inspiring news in inflation, interest rates are expected to be continued at the end of the two-day meeting next week.
Inflation threatens to increase inflation last month, an increasing trade war, a wide range of prices.
“This is probably the president of Andrzej Skiba, the head of the US sustainable income, which began with tariffs to watch the suit in Europe and universal in the future weeks, told the President of the US sustainable income. “It will be inflation and the Fed will not be able to reduce prices in this environment.”
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The degree of federal funds also affects those who have completed each other in one night, and at the same time they see each other in many debt and deposit rates.
“Consumers stretch and emphasize,” he said.
After the price of federal funds fall, consumers, debt costs, credit cards and mortgage cards, credit cards and mortgages reduce the costs of decrease between various consumer debt.
However, with those who have been nourished so far, households could see some relief. Now, the ratios for mortgage loans, car loans and credit cards are lower. However, these ratios remain relatively highly at the end of the last heights, are slightly more than a credit card.
Here is an image where the expenditures of consumer debt.
Mortgage
Although 15 and 30 years of mortgage prices are fixed, mainly treasury productivity and economy and ratios extended for weeks.
Concerned about a possible recession and increased uncertainty over the president Donald Trump’s Tariff Plans acointed and evaluated the consumer worldview Mortgage Bankers Association.
“The good news is that when the Fed came to the fed’s degree incisions, when mortgage prices drop, mortgage prices fall, Matt Schulz, Lendingtree Title Analysis.
The average rate for a 30-year-old mortgage, is lower than 6.77% at the beginning of the year according to the bankoliocy.
Credit cards
Most There is a variable rate on credit cards, so the FED contacts directly to the benchmark.
However, although the central bank has held ratios in the last few matches, the average annual interest rate is low – in 20.09%, in the early 20.27%, and down 20.27%.
“March was the sixth monthly reduction, but reduced the reduction fed ratio again slowed down after returning to the rear view mirror,” Schulz “Aprz said.
Meanwhile, the credit card debt continues to be a pain to be a dot for consumers who struggle to keep up with high prices. Credit card remains are 8.2% over the year, while auto loans and student loans are 3% higher, According to the latest consumer credit report of the federal reserve.
Car loan
“It is already facing concerns for potential car buyers who are bored at high prices and high prices, and the possibility of further increasing car expenses,” he said.
However, car loans also supported the latest highs. The average interest rate on a five-year new car loan for the bank is 7.42% and in January 7.53%.
Student loans
License students with a direct federal student loans for the 2024-25 academic year pay the students from 5.53% to 6.53% in 2023-24. Interest rates for the upcoming academic year will take part in a 10-year treasury note.
It has a variable rate connected to special student loans, head, treasure fees or another ratio index.
Deposit
On the side, the most product online Savings accounts have been offered the best income for more than a decade and are currently $ 4.4% according to bankolish.
Fed, “Savings rates did not really change all this, it did not change much, it is good news,” he said. “Savings rates are still attractive and the top products are still in inflation.”
