Photo: Andrew Harnik ~ AP
PODCAST
September 17, 2026 ~ Dave Sowerby, Managing Director and Portfolio Manager at Ancora Bloomfield Hills, joins Kevin Dietz to recap the Federal Reserve’s latest meeting and explain what the central bank’s decisions could mean for consumers and the economy.
BLOOMFIELD HILLS, Mich. ~ For many Michigan families, the Federal Reserve’s latest interest rate increase could have an impact on everyday financial decisions, from taking out a mortgage to carrying a balance on a credit card. While many homeowners have already locked in lower mortgage rates, those looking to buy a home or borrow money may face higher costs as rates continue to rise.
Financial experts say the move is aimed at slowing inflation, which has put pressure on household budgets through higher prices for goods and services. As consumers navigate rising costs at the gas pump and grocery store, many are also watching closely to see whether additional rate hikes could further affect their borrowing and spending habits.
