3 Impacts of the Fed’s Rate Hike for You and Your Money.
Something you need to understand to better protect yourself in the upcoming situation.
On June 15, 2022, the Fed announced a rate hike of 75 basis points. The largest increase in nearly three decades. While the Fed and the ECB did not seem to consider the inflationary risk for several months, the situation now seems different to listen to Jerome Powell:
“We at the Fed understand the hardship that high inflation is causing. We're strongly c…
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