What the Fed’s Rate Hikes Mean for the Economy

FOMC Chair Powell answers a reporter's question at the September 18, 2019 press conference. Via Wikimedia Commons.

This week, the Federal Reserve Board announced yet another interest rate hike by .75 percent. The move was reportedly an attempt to curb inflation, which has skyrocketed since Joe Biden entered the White House. These rate hikes could mean many changes in the market. Here’s what their impact might be:



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