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Tag: Means

Fuel, housing costs raised October’s inflation. What it means for the Fed

A gas pump at an Arco gas station in San Diego, California.Mike Blake | ReutersOctober's surge in consumer prices was driven by some factors that may linger. Market pros say the Federal Reserve may be forced to move up the timeline on its...

The Fed holds rates near zero. Here’s what that means for you

Even though the Federal Reserve didn't raise its benchmark rate Wednesday, the days of low rates are clearly numbered.Reports of hotter-than-anticipated inflation have paved the way for the central bank to unwind last year's bond buying. While the Fed said that interest rates...