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How the Fed's rate hike hits your mortgage, credit cards, savings and more

How the Fed's rate hike hits your mortgage, credit cards, savings and more
Photo: WXYZ Channel 7 (ABC Detroit) - News · view original

The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, a move that could mean higher borrowing costs for everyday Americans already feeling the squeeze of persistent inflation. The vote was unanimous. It marks the first rate hike in more than 3 years and returns rates t...

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