Fed Raises Hobby Rates: What It Manner For Your Finances

Fed Raises Hobby Rates: What It Manner For Your Finances

The Federal Reserve raised rates by a quarter point while predicting six more fee hikes are seemingly this one year because it genuinely works to chill the economy without undermining the solid labor market. The elevated rates are expected to affect credit ranking playing cards, fresh automotive loans, adjustable-fee loans and fresh home mortgage rates. NBC’s Tom Costello reports for TODAY.

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