Fed hikes interest rates again, up 0.75 percentage points

Fed increases interest rates by 0.75 percentage points once more.

If the Federal Reserve raises interest rates, it will have an impact on everyone who has a mortgage, auto loan, savings account, or investments in the stock market. Summary: On Wednesday, the Fed raised interest rates for the fourth consecutive time, this time by 0.75 percentage points, as central bankers fought inflation despite mounting anxiety … Read more