Comment on How the Fed’s Series of Rate Hikes Could Affect Your Finances

How the Fed’s Series of Rate Hikes Could Affect Your Finances

The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase—its seventh rate hike this year—will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases.

 

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