Federal Reserve has raised interest rates: Here’s what it means for you
By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve has raised the cost of money — bad news for borrowers, good news for savers.
The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023.
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Read MoreThe Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 years
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 to quell stubbornly high inflation, a move that could prompt a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time,
Read MorePresident Trump addresses Federal Reserve rate hike amid inflation concerns
President Trump addresses Federal Reserve rate hike amid inflation concerns
President Donald Trump criticized the Federal Reserve’s first interest rate hike in three years, saying rates are already too high. Trump also revealed he spoke with Fed Chair Kevin Warsh before the vote, while Warsh said persistent inflation and higher energy prices remain concerns.
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Read MoreStock futures rise after Fed's rate hike spurs a market sell-off: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 16, 2026.
Jeenah Moon | Reuters
Stock futures climbed early Thursday following a market sell-off incited by the first Federal Reserve interest rate hike in three years.
AMD Is About to Become a Trillion-Dollar Stock as It Hikes Chip Prices 10%
Quick Read
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AMD raised chip prices 10% on AI accelerators, consumer GPUs, and chipsets, pushing its $992 billion market cap to the trillion-dollar threshold.
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AMD’s Data Center segment surged 107% to $6.7 billion in Q2, powered by multi-gigawatt GPU commitments from OpenAI, Meta, and Anthropic.
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Read MoreThe Burst
How Far Will The Market Fall?
Zooming out is often quite helpful in providing insights as to where the market is likely to go. When we examine a chart of the S&P 500 now on a weekly basis, a clear uptrend from mid-2022 has formed.
So too has a strong resistance line been created at close to the 4,800 mark both at the end of 2021 and the end of 2023.
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Read MoreThe Ivy
If World War 3 Breaks Out, Own This Stock
With news breaking recently of a drone attack by Ukraine on Moscow, it appears the stakes have risen and tensions escalated.
Amid the backdrop of war, defense contractors are a natural play on the markets. And they don’t necessarily even need the US to get involved to benefit.
Reportedly, President Biden stated that many of the so-called aid packages to Ukraine are in fact funds that never leave US shores but instead land in the coffers of defense contractors,
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Read MoreThe Spotlight
Don’t Sleep On This Bedtime Stock
The impact of a sleep deficit goes far beyond feeling a bit drowsy during the day. Getting less than seven hours of sleep regularly can contribute to weight gain and obesity, high blood pressure, diabetes, stroke and heart disease. Lack of sleep is also associated with depression, reduced immune function, increased pain, more errors, more accidents and impaired performance at work or school.