What the Fed’s Latest Interest Rate Hike Means for Your Finances
[ad_1] In ongoing efforts to combat inflation, the Federal Reserve announced Wednesday another 0.25% interest rate hike. The quarter percentage point increase will bring the fed funds rate to a target range of 5.25%-5.5%, their highest level in more than 22 years. When the Fed raises interest rates, they increase what’s known as the federal … Read more