The Federal Reserve held interest rates steady at the end of its two-day meeting on March 19. Although the central bank is on ...

By holding rates steady, the Fed acted as many experts predicted. In its press release, the central bank cited a stable ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

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Their paper, published this month, says credit cards currently charge an average of 23%, “far exceeding the rates on any other major type of loan or bond”. The figure is important, they say, because ...