Wednesday, June 29, 2022

Winners and Losers With the Recent Interest Rate Hike

Interest rates increasing decreasing
Andrii Yalanskyi / Shutterstock.com

Editor's Note: This story originally appeared on NewRetirement. The federal government has boosted interest rates by three-quarters of a percentage point in an effort to slow inflation. It was the biggest increase in 28 years. They are essentially making it more expensive to do business in the hopes that their actions will slow demand and prices will come down. So, the economy may feel a bit worse...



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