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How the Fed's interest rate hikes could affect your bank account

Por: 10 WBNS Nation December 15, 2022

WASHINGTON — The Federal Reserve's move Wednesday to brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed's latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases. If, on the other hand, you have money to save, you'll earn a bit more interest on it. Wednesday's rate hike, part of the Fed's... + full article



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