Here’s what the Federal Reserve’s fourth 0.75 percentage point interest rate hike means for you

Econ & Housing

The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes.The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and September,…

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