What rising interest rates mean for you

Editor’s Note: This is an updated version of a story that originally ran on September 22, 2022. The Federal Reserve its benchmark interest rate for the sixth time in a row on Wednesday, to a range of 3.75% to 4%. While there may be plenty of downside in the form of higher borrowing costs for consumers, one positive outcome is that your savings may actually start earning a little money after years of barely-there interest. “Interest rates... + full article