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higher interest rates fed rate hike

Are higher interest rates coming? What the Fed rate hike means for you

The economy is looking rosy, and Federal Reserve officials showed their optimism by raising the benchmark interest rate by a quarter of a percentage point Wednesday for the sixth time since December 2015. The central bank lifted the federal funds rate to a range of 1.5% to 1.75%. This latest Fed rate hike is the first under new Fed Chairman Jerome Powell, who replaced Janet Yellen. …

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