Here’s what the Federal Reserve’s back-to-back 75-basis point interest rate hikes mean for you

Econ & Housing, The Daily Buzz

  The Federal Reserve raised the target federal funds rate by another 0.75 percentage points at the end of its two-day meeting Wednesday, in an effort to curb unrelenting inflation. Fed officials have already raised benchmark short-term borrowing rates 1.5 percentage points this year, including June’s 75-basis point increase, which marked the largest increase in nearly three decades….

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