Credit cards, mortgages and car loans: this is how their interest rates will change with the next Fed decision | Inflation | Univision Money News

Regardless of the decision it will be a robust rise that even the president of the Fed, Jerome Powell, has taken for granted judging by his recent words. A few weeks ago, Powell warned that interest rates will continue to rise although that weakens the labor market and the economy and means a blow to the country’s households. The official stated that this will be necessary to avoid a much greater impact if inflation continues to run rampant.