The Fed Raises Interest Rates By .5% (And It May Still Go Up)

The Fed raised interest rates today by the largest move seen in over 22 years. In an effort to slow down inflation they signaled to raise rates by .5%, the most aggressive move made by the Fed since 2000.

These rates effect products like credit cards, mortgages and business loans. The decision was made unanimously and some are calling to raise rates another 1% or more by the end of the year.

Source: Yahoo Finance

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The Fed Raises Interest Rates By .5% (And It May Still Go Up)