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BankingFed Meets Tuesday — Rate Hold Expected, but a Hike Signal May Be ComingDebtSAVE Plan Is Gone — 7 Million Borrowers Must Pick a New Repayment Plan by SeptemberTaxesQ2 Estimated Tax Payment Is Due Today — Self-Employed and Freelancers Must ActConsumer NewsNational Gas Price Falls to $4.06 a Gallon — First Sustained Pump Relief Since SpringRetirementNew $6,000 Senior Deduction Can Cut Federal Tax on Social Security IncomeBankingFed Meets Tuesday — Rate Hold Expected, but a Hike Signal May Be ComingDebtSAVE Plan Is Gone — 7 Million Borrowers Must Pick a New Repayment Plan by SeptemberTaxesQ2 Estimated Tax Payment Is Due Today — Self-Employed and Freelancers Must ActConsumer NewsNational Gas Price Falls to $4.06 a Gallon — First Sustained Pump Relief Since SpringRetirementNew $6,000 Senior Deduction Can Cut Federal Tax on Social Security Income
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Today’s Lead Story
Monday, June 15

Banking

Fed Meets Tuesday — Rate Hold Expected, but a Hike Signal May Be Coming

via Federal Reserve

The Federal Reserve's Open Market Committee meets June 16–17 with no rate change expected, keeping the benchmark at 3.5%–3.75%. With May inflation running at 4.2%, analysts say officials could shift their statement language from holding steady to leaning toward a potential hike later this year.

Why it matters

A hawkish signal from the Fed — even without an actual hike — can push credit card APRs and home equity line rates higher in the weeks that follow.

See all today’s storiesRead source

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