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Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

Source: CNBC --- The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quell runaway inflation. “We at the Fed understand the...

 

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