The Federal Reserve is likely to hike interest rates again. What that means for you

Here's what the Fed interest rate hike means for you

Rates aren't likely to go down anytime soon, so their effects could linger on the economy. Here's what you need to know about how they'll affect you.

Here's what the Fed interest rate hike means for you

Rates aren't likely to go down anytime soon, so their effects could linger on the economy. Here's what you need to know about how they'll affect you.

Here's what the Fed interest rate hike means for you

Rates aren't likely to go down anytime soon, so their effects could linger on the economy. Here's what you need to know about how they'll affect you.

Here’s what the Fed interest rate hike means for you – Metro Philadelphia

By CORA LEWIS Associated Press The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. The rate increase will likely make it even costlier to borrow for homes, autos and other purchases. But if you have money to save, you’ll probably earn a bit more interest on it. The latest rate increase is smaller than …

Here's what the Fed interest rate hike means for you

Rates aren't likely to go down anytime soon, so their effects could linger on the economy. Here's what you need to know about how they'll affect you.

Here's what the Fed interest rate hike means for you

Rates aren't likely to go down anytime soon, so their effects could linger on the economy. Here's what you need to know about how they'll affect you.