What Fed Interest-Rate Increases Mean for Your Mortgage, Car Loan and Savings

The Federal Reserve is expected to dial down its aggressive campaign to stamp out inflation Wednesday with a more modest interest-rate increase. 

An expected 0.25 percentage point increase won’t be as jarring to American wallets as the half or three-quarter point hikes of the past six months, financial advisers said, but even a smaller increase will make it more expensive to buy homes and cars or carry a credit-card balance.