US Markets
Wednesday, July 6th, 2022 10:15 am EDT
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%.
The Fed’s intention is to help combat inflation.
Watch this video to find out what rising interest rates mean for you.
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