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3 Ways Rising Interest Rates and Inflation Impacts You
9
May
3 Ways Rising Interest Rates and Inflation Impacts You
Interest rates are rising as Fed officials dred raised rates by a quarter-point in March 2022 to a target range of 0.25% to 0.5%. Their median forecast signaled that they expect to lift rates to 1.9% by the end of 2022 and to 2.8% by 2023. When they raise interest rates, the Fed’s goal is to slow spending, which lowers