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Here's How the Fed's Rate Hike Yesterday Could Affect Your Wallet

Por: NBC 6 South Florida World December 15, 2022

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AP Photo/Jacquelyn Martin The 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 — its seventh rate hike this year — will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases. If, on the other hand, you have money to save, you'll earn a bit more interest on it. Wednesday's rate hike, part of the Fed's drive... + full article



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