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Here's what the Federal Reserve's fourth 0.75 percentage point interest rate hike means for you

Por: CNBC Business November 02, 2022

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watch nowVIDEO1:2001:20Here's what the Fed's interest rate hike means for you raised the target federal funds rate by 0.75 percentage point on Wednesday, marking an unprecedented pace of rate hikes.The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and September, in an effort to cool down , which is still near 40-year highs and... + full article



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