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harry smith on the end of an internet era announcer: this is nbc nightly news with lester holt good evening today some tough medicine for an american economy racked by high inflation. the federal reserve raising a key interest rate 0.75% it s the biggest bump-up since 1994 a hike sure to be felt in the wallets of american borrowers. think higher mortgages rates and bigger credit card payments which we ll get into in a moment. what s it all about? the fed hopes the increase will start putting the brakes on inflation which is running at 40-year highs. gas, food, prices, you name it. it s all soaring investors liked the news today the markets rallying on the fed announcement policymakers weighing future increases while trying to steer around the risk of a recession. let s tell you what you need to know about all this starting with tom costello reporter: for days, the fed has telegraphed that it would go big today after acknowledging it should have acted sooner to r ....
Around 45 post-graduate (PG) students of state government-run Mahatma Gandhi Memorial Medical College and Hospital (MGMMCH) have threatened to hit the streets for not receiving stipend since September 2023. They have given a representation to the college to take up the matter with higher authorities. If the doctors do not receive the stipend soon, they will meet the state health minister and go on strike. The principal of MGMMCH has informed the state health department about the dues and expects the funds to be released in about two weeks. ....
Where the people who are coming to university for education are getting into tens of thousands of pounds worth of debt, the people are working on education are often struggling to get by, spending pay back after a pay packet in their overdraft, we are asking for the system to be reconfigured to employ people better and to employ people with a salary that allows them to actually kind of get by. with a salary that allows them to actually kind of get by. what sort of offer have actually kind of get by. what sort of offer have you actually kind of get by. what sort of offer have you been actually kind of get by. what sort of offer have you been made? i actually kind of get by. what sortl of offer have you been made? the employers of offer have you been made? the employers at of offer have you been made? iie: employers at the of offer have you been made? tue: employers at the minute have of offer have you been made? til employers at the minute have not budged from 3%. obviously w ....
$16 trillion. credit card debt that s up reaching $841 billion with rates expected to go up joining me now is cnbc s senior personal finance correspondent sharon epperson. sharon, what are you telling people they can do right now lester, the first thing to do is don t panic. panic is not a strategy focus on what you can control. with your spending pay down credit card and high-interest debt by some estimate card rates will be close to 19% by the end of the year so you want to move that debt to a lower rate by switching to an interest-free balance transfer card. to boost savings, look at your subscriptions. one study says americans spend about $133 more than they think they do on monthly subscriptions so you want to try to cut at least one of those expenses as a way to save or put that money toward covering the rising prices of what you need every day like food and gas when it comes to investing, stay focused on your long term goals if you have a workplace retirement plan, a 401(k) o ....