The Federal Reserve is likely to hike interest rates again. What that means for you

The Federal Reserve is likely to hike interest rates again. What that means for you

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What the Fed's rate hike means for you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Whether directly or indirectly, higher Fed rates influence borrowing costs for consumers and, to a lesser extent, the rates…

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