News Update

Consumers can expect more expensive loans after the Fed hikes interest rates

The Fed rate hike will increase the interest rate banks pay when they borrow money from the Federal Reserve. After a Fed rate hike banks usually raise their prime rate – the interest rate they offer their best customers.

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➤ Covid News: Substance use among youth declined during the COVID-19 pandemic.  A study attributes this to limitations in how young people were able to socialize during the pandemic.

➤ Time to get up! Sitting for long periods of time may increase the risk of early death: “The overarching message here is to minimize how much you sit,” said researcher Scott Lear. “If you must sit, getting in more exercise during other times of the day will offset that risk.”

➤ Once a luxury, dining out may be a way to escape food inflation: Food costs are rising, but an industry group says they're rising faster at the supermarket than at restaurants.

➤ Prime Day is right around the corner, and Amazon is giving us a preview:  Amazon isn’t showing all its Prime deal cards yet, but it is letting members get in on some early deals on its own products and a smattering of others.

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➤ Making ends meet - the good, the bad and the ugly: The past two years have thrown massive changes our way in terms of public and financial health, which has us wondering: What will life look like by the end of 2022?

➤ Research: Where to get the best personal loan.  Personal loans are widely available from traditional banks, credit unions, online lenders and specialized lenders. It’s important to shop around and compare your borrowing options when considering what lender to use.

➤ Recall Alert ⛔  Blue Moose recalls Spinach Artichoke Parmesan Dip plus, Gulf States Toyota recalls 4Runners, Tacomas, Highlanders and Highlander Hybrids due to load carrying capacity labels fading, thus becoming illegible. View More Recalls

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