rates

The Fed is set to raise interest rates again — here’s how it happens and why it matters
Newsrates

The Fed is set to raise interest rates again — here’s how it happens and why it matters

Fed Chairman Jerome Powell Mark Wilson/Getty; Samantha Lee/Business Insider The Federal Reserve is set to raise its benchmark interest rate again Wednesday. The Fed adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers. Banks give out money all the time — for a fee. When…

Newsrates

With rates low, Fed officials fret over next U.S. recession

NEW YORK/LOS ANGELES (Reuters) - Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low. In the midst of an unprecedented leadership transition, Fed officials…