Wednesday, September 21, 2022

Fed expected to raise interest rate today: Here's how it could hit your wallet and portfolio

Fed expected to raise interest rate today: Here's how it could hit your wallet and portfolio

Article Excerpt: "Americans should prepare their finances for even higher interest rates this year. Although the Federal Reserve has increased its benchmark short-term fed funds rate by 2.25% this year, with the last two rate hikes at a whopping 75 basis points each, consumer inflation continues to linger near a 40-year high."



Resource: www.usatoday.com



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