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Brace yourself: The Fed will inflict ‘some pain’ with its 75-basis-point rate hike. Here's how to protect your wallet and your portfolio.

Por: MarketWatch Business September 24, 2022

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Powell and other members of the Fed’s Federal Open Market Committee to the federal funds rate, a repeat of the Fed’s That increase will once again impact credit-card rates, car loans, mortgages and of course, investment portfolio balances. This brings the policy rate to a range of 3% to 3.25%. At this point last year, it was near 0%. But the Fed is now penciling in an additional 125-basis-point increase before year’s end. “We will keep... + full article



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