Comment on Federal Reserve increases key interest rate by 0.75% in biggest hike since 1994. What's that mean for economy and you?

Federal Reserve increases key interest rate by 0.75% in biggest hike since 1994. What's that mean for economy and you?

The Fed hiked its key interest rate by the most since 1994 to fight inflation. It forecast more big increases that will impact rates for consumers.      

 

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