The Federal Reserve is expected to hike interest rates by 75 basis points on Wednesday for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Jerome Powell said in September that he wishes “there were a painless way” to lower inflation. “There isn’t,” he said.
Comment on When the Fed Hikes Interest Rates, Who Gets Hurt?
Anna Helhoski, NerdWallet.com
Mon, 10/31/2022 - 10:45am
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