The Federal Reserve is increasing interest rates by a quarter of a point. From credit cards to car loans, a look at how the rate hike could impact your wallet. Jerome Powell, Federal Reserve Chairman:”The committee is determined to take the measures necessary to restore price stability.” Ed Moya, Senior Market Analyst, Oanda:”Getting loans, getting refinancing, getting your first mortgage is going to be a lot harder as these interest rates go higher.” What do you think about it? Please comment below.
News Clip: How The Fed’s Rate Hike Will Impact You
March 17, 2022
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