Another Fed Rate Hike: Here’s What It Means

In an effort to get inflation under control, the Federal Reserve has been raising short-term interest rates. And it looks like they aren’t done yet: the Fed is set to raise rates for the foreseeable future.

The Fed’s interest rate increases impact every area of our financial lives, from mortgages to credit cards, student loan debt, and even our savings. So what could another Fed rate increase mean for you in practical terms?

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