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EconomyFed Chair Warsh Gives Debut Jackson Hole Address With September Rate Hike in PlayBankingBest Savings Accounts Now Pay Up to 4.50% APY — 12 Times the National AverageRetirementSocial Security 2027 Raise Projected Near 3.5% After First Quarter Inflation ReadingMortgage & HousingFreddie Mac Weekly Survey Puts 30-Year Mortgage Rate at 6.66%Consumer NewsCFPB Opens Fresh Inquiry Into Credit Card Late Fees That Average $32 per IncidentEconomyFed Chair Warsh Gives Debut Jackson Hole Address With September Rate Hike in PlayBankingBest Savings Accounts Now Pay Up to 4.50% APY — 12 Times the National AverageRetirementSocial Security 2027 Raise Projected Near 3.5% After First Quarter Inflation ReadingMortgage & HousingFreddie Mac Weekly Survey Puts 30-Year Mortgage Rate at 6.66%Consumer NewsCFPB Opens Fresh Inquiry Into Credit Card Late Fees That Average $32 per Incident
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Today’s Lead Story
Friday, August 28

Economy

Fed Chair Warsh Gives Debut Jackson Hole Address With September Rate Hike in Play

via NBC News

Federal Reserve Chair Kevin Warsh delivered his first major policy address as Fed Chair at the Jackson Hole symposium on August 28, with PCE inflation still running at 3.7%—nearly double the Fed's 2% target. Markets are pricing in roughly a one-in-three chance of a rate hike at the September 16 FOMC meeting.

Why it matters

If the Fed raises rates this fall, credit card APRs, auto loan rates, and new mortgage rates could climb, raising the cost of carrying debt for millions of households.

See all today’s storiesRead source

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