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This is how the Fed's latest interest-rate hike will affect you

Por: CBS News Business September 22, 2022

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The Federal Reserve on Wednesday said it is once again turning to its most powerful weapon to tamp down the in 40 years: Boosting interest rates. The central bank raised its benchmark interest rate by 0.75 percentage point, marking the fifth hike this year and the third consecutive increase of that size. Higher rates increase borrowing costs for businesses and consumers, who will now be coping with a triple dose of three-quarters of a... + full article



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