Most Won’t Feel Fed Rate Increase
Washington — For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump anytime soon. The Fed’s benchmark interest rate has limited influence on those things. Still, the Fed’s move to lift its key rate by a quarter-percentage point will raise short-term...
The Fed Hysteria? Tune It Out
One of the silliest things I’ve seen in years is the obsession about what the Federal Reserve would or wouldn’t do about interest rates on Thursday. You can see why it makes sense for business-TV networks and bloggers and supposed experts to hold forth for days and days and at high volume about the Fed. That allows them to attract more eyeballs and attention, which is what they live to do. But it makes no sense for average retail...
