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Here's what a Federal Reserve interest rate increase means for consumers

Por: The Advocate Business November 03, 2022

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As the Federal Reserve steadily increases interest rates, many economists say they fear that a recession remains inevitable in the coming months — and with it, job losses that could cause hardship for households already hurt worst by inflation.On Wednesday, the Federal Reserve raised its key short-term rate by three-quarters of a point for a fourth straight time, even as its previous rate increases are being felt by households at all income... + full article



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