{"id":12195,"date":"2018-06-19T08:00:59","date_gmt":"2018-06-19T14:00:59","guid":{"rendered":"http:\/\/www.coolchecks.net\/blog\/?p=12195"},"modified":"2018-06-18T15:57:36","modified_gmt":"2018-06-18T21:57:36","slug":"feds-raise-interest-rates-promise-more","status":"publish","type":"post","link":"https:\/\/www.coolchecks.net\/blog\/managing-money\/interest-rates\/feds-raise-interest-rates-promise-more.html","title":{"rendered":"Feds Raise Interest Rates, Promise More"},"content":{"rendered":"<p><figure style=\"width: 274px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.coolchecks.net\/blog\/wp-content\/uploads\/2018\/06\/feds_int_rate.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-11477\" src=\"http:\/\/www.coolchecks.net\/blog\/wp-content\/uploads\/2018\/06\/feds_int_rate.jpg\" alt=\"Feds Raise Interest Rates\" width=\"260\" height=\"194\" \/><\/a><figcaption class=\"wp-caption-text\">The current increase is the second  this year and the seventh since the recession.<\/figcaption><\/figure>The Federal Reserve raised the prime interest rate recently by just a small percentage, but enough to raise expectations that Americans will face higher borrowing costs for homes and other big-ticket items., including credit card costs.<\/p>\n<p>The benchmark rate now stands at 1.75 to 2 percent. It\u2019s the first time the rate has reached that level since 2008, when the economy tanked while the feds were hoping to get rates down to zero. <\/p>\n<p>The recent action indicates the Fed has confidence in the current economy and that it has enough strength to accommodate a slight increase in borrowing costs.  The increase is evidence that recovery from the 2008 recession is strong.<\/p>\n<p>The current increase is the second  this year and the seventh since the recession. <\/p>\n<p>While announcing the increase, the federal agency also indicated that two other jumps in the prime rate are likely this year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve raised the prime interest rate recently by just a small percentage, but enough to raise expectations that Americans will face higher borrowing costs for homes and other big-ticket items., including credit card costs. The benchmark rate now stands at 1.75 to 2 percent. It\u2019s the first time the rate has reached that [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":12196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[207,33,36,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/posts\/12195"}],"collection":[{"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/comments?post=12195"}],"version-history":[{"count":1,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/posts\/12195\/revisions"}],"predecessor-version":[{"id":12197,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/posts\/12195\/revisions\/12197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/media\/12196"}],"wp:attachment":[{"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/media?parent=12195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/categories?post=12195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coolchecks.net\/blog\/wp-json\/wp\/v2\/tags?post=12195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}