The Federal Reserve Raises Interest Rates: What It Means for You
Hi everyone! It’s March 22, fed day. As expected, the Federal Reserve has announced a quarter-point increase in its key short-term interest rate, bringing it to a range of 4.75% to 5%. This move is part of the Federal Reserve’s ongoing efforts to manage inflation and maintain stability in financial markets. While this may sound like just another decision made by policymakers in Washington, it can have a significant impact on consumers and businesses alike. What does this mean for you? Here are a few things to keep in mind: It’s worth noting that the Federal Reserve’s decision to raise […]