Study: Fed Rate Hike Will Impact MA Communities

With the Federal Reserve slated to raise the federal funds rate this week, the cost of debt is expected to increase another $1.6 billion for U.S. households, according to WalletHub. This will bring added pressure to communities in Massachusetts including Hingham, Needham and Marshfield, among others.

Fed’s Williams Says September Rate Hike Makes Sense

San Francisco Federal Reserve Bank President John Williams on Thursday joined a growing chorus of his colleagues signaling support for a U.S. interest rate hike in coming months, saying that waiting too long could be costly for the economy.