Interest rates, inflation and the household balance sheet, read for what they mean to borrowers in South Florida.
The Federal Reserve kept its benchmark rate at 3.5 to 3.75 percent on April 29 as a jump in energy prices lifted inflation to 3.3 percent.
The Federal Reserve raised its benchmark rate to 3.75 to 4 percent as inflation stays above target. Here is how the increase reaches credit cards and loans.
The Fed lowered its benchmark rate to 3.5% to 3.75% on December 10, 2025. Credit card rates may ease slightly, but fixed loans and mortgages will not change much.
