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What rising interest rates mean for your credit, loans, saving and more

Por: CNN Business September 22, 2022

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This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third consecutive 75- basis-point hike, which will put upward pressure on other interest rates throughout the economy.For consumers, the Fed's move will spur... + full article



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