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The federal reserve (the U.S. central bank) hiked rates Sept. 16 for the first time since 2023 in a unanimous decision, hiking rates by a quarter point in line with Wall Street’s expectations. Additionally, the 10-year treasury yield, one of the most important global financial metrics, hit 5% on Monday, for the first…
Meta description: The Fed’s latest rate hike to 3.75%-4.00% will ripple through mortgages, credit cards and savings accounts. Here’s what Charlotte residents need to know. The Federal Reserve raised its benchmark interest rate by a quarter of a percentage point in mid-September, pushing the federal funds rate to a…