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Federal Reserve announces another big interest rate hike

Por: WPTV Business November 02, 2022

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WEST PALM BEACH, Fla. — The cost to finance a home or car is getting more expensive.The Federal Reserve by three-quarters of a percentage point Wednesday, the sixth increase this year.The move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.It's all part of an effort to stem rising inflation in the U.S. WPTV Greg McBride offers his analysis of the latest interest rate hike by the Federal Reserve.... + full article



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