Tag: mortgage rates

Digital in yours hands

The Fed has raised interest rates the most since 2000. Here’s the impact on your wallet.

The Federal Reserve is turning to its most powerful weapon to fight the highest inflation in 40 years: rising interest rates. On Wednesday, the central bank announced that it was increasing its benchmark short-term interest rate of 0.5%, marking the largest increase since 2000. The Fed’s goal is to reduce consumer and business demand for…
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