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What you need to know about the Fed’s interest rate hike

Summary by Ground News
The Federal Reserve announced its fourth straight historically large interest rate hike. The Fed approved a 0.75 percentage point increase in an effort to slow spending. WGN News Now spoke to mortgage broker and owner of Molitor Financial Group, Troy Molitor. Molitor believes the Federal Reserve will continue to step up efforts to slow inflation.
Published 3 months ago

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Another mega interest rate hike is coming. What this means for your finances.

The Fed’s expected to deliver another super-sized 0.75% interest rate hike on Wednesday to fight inflation. This means every consumer rate from mortgages to autos to savings will likely follow… This News Another mega interest rate hike is coming. What this means for your finances. appeared first on STL.News.

3 months ago·United States
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What higher interest rates mean for you

CNN's Chief Business Correspondent Christine Romans breaks down how higher interest rates will impact your wallet.

3 months ago·Atlanta, United States
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What does the interest rate rise mean for my money?

Today’s news heaped further economic pressure on households (Picture: Shutterstock/TimeShops)The Bank of England has hiked interest rates by 0.75 percentage points, taking the base rate from 2.25 per cent to 3 per cent – the steepest one-day rise in 33 years.It means interest rates are now at their highest in 14 years, pushing up mortgage costs, rents and rates charged on almost all forms of borrowing.The Bank of England’s governor Andrew Bailey…

3 months ago·London, United Kingdom
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What the Bank of England's 3% interest rate means for your mortgage

It is likely to impact millions of homeowners across the UK

3 months ago·Manchester, United Kingdom
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What do rising interest rates mean for you?

What are interest rates and what does it mean for your finances. How are they worked out and why it changes.

3 months ago·United Kingdom
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Ask our experts: what does the rise in interest rates mean for your finances?

The Bank of England has raised interest rates by an unprecedented margin today.Although this measure is intended to ease inflation, it is hurting homeowners. Ab

3 months ago·London, United Kingdom
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