Borrowing costs will continue to trend upwards in 2019 as the economy slows and the Federal Reserve raises interest rates accordingly, experts with consumer financial services company Bankrate predict.  Bankrate’s Chief Financial Analyst Greg McBride said borrowers can expect to pay more out of pocket with two interest rate bumps expected later this year.  Although the situation is fluid and rate hikes are not guaranteed — CNBC reported this week that the markets expect the Fed to hold off on rate hikes and potentially even make cuts to please President Donald Trump — the Fed raised the benchmark interest rate a quarter point in December and predicted there would be two more increases in the new year.
Borrowers could face rising interest rates in 2019
Anne Stych, Contributing Writer
Jan 11, 2019, 9:49am EST
Bizwomen, the business journal
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