https://www.siliconvalley.com/2022/03/16/federal-reserve-raise-interest-rate-bay-area-home-loan-credit-bank/ > The Federal Reserve on Wednesday raised interest rates by a quarter-point in a quest to control inflation and cool off the economy, a decision that will affect just about anyone who borrows or saves money. > Rates for home-equity lines of credit, credit cards, car loans, savings accounts and certificates of deposit are all influenced by the Federal Reserve’s moves on interest rates and are likely to head higher.