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Fed seen likely to raise rates in September amid persistent inflation

The expected quarter point move would increase borrowing costs for households and could lift mortgage rates.

Reported · Written up by our desk · Central Banks

CNBC Real Estate reports that the Federal Reserve is widely expected to raise its benchmark interest rate by a quarter percentage point at its September meeting, citing persistent inflation.

The article frames the decision as a key driver of consumer costs, noting that higher rates tend to affect everything from credit to household borrowing.

For consumers, the implication is that rate increases can translate into higher interest expenses, including on products sensitive to benchmark borrowing rates, such as mortgages and other household credit.

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