What a Fed rate hike means for you

What a Fed rate hike means for you

The Federal Reserve is expected to raise interest rates today, Wednesday the 14th, for only the second time since 2006. What does this mean for you? If you have money in the stock market, own a car or have a savings account, these hikes could affect your financial situation. As this action-packed election season comes to a close, the Federal Reserve’s rate hikes are yet another change to stay updated on.

 

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