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Mortgage rates rise above 7 percent as Fed scrambles to slow economy The central bank doesn't directly set mortgage costs, but changes in its policy rate — known as the federal funds rate — ripple through the economy and influence all kinds of lending. Since March, the Fed has raised rates five times, bringing its benchmark ...
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Whether gas prices are up or down, don't blame or thank the president Prices at the pump are falling, which is welcome news for Democrats this election season. And a few weeks ago prices were rising, which was bad news for Democrats. But no matter which way prices are going — and which way they go next — the cost of fuel ...
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