First Fed rate hike in 3 years may push borrowing costs on credit cards, mortgages
- Posted on September 16, 2026
- By Chicago Tribune
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- 1 min read
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First Fed rate hike in 3 years may push borrowing costs on credit cards, mortgages
The Federal Reserve increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it costlier to borrow for homes, autos and other purchases.
