The Federal Reserve raised interest rates by 75 basis points at the June Federal Open Market Committee (FOMC) policy meeting as the central bank tries to stop inflation from spiraling out of control. Deutsche Bank analysts are already anticipating the rate-setting Committee to pull the trigger on a three-quarter-point increase at next month’s meeting, which…
What High Interest Rates Mean for American Borrowers, Savers, Homebuyers
June 15, 2022
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