The Fed is considering taking a pause on raising interest rates. John Sutter: What does this mean for the housing market? He says it makes your monthly mortgage payment much more expensive when rate goes up. Sutter: Many businesses are going to, over the course of this year, go and ask for more funding.
The Federal Reserve has once again raised interest rates, which means borrowing money for your mortgage or your business is once again more expensive. New York Times economics reporter Talmon Joseph Smith explains why this might keep happening.
This episode was produced by Miles Bryan and Amanda Lewellyn, edited by Matt Collette, fact-checked by Serena Solin, engineered by Michael Raphael and Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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