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The Fed’s Recent ¼ Point Rate Hike — What It Means for the US Economy
The Federal Reserve just raised (on September 16th) its benchmark interest rate by 0.25% up to 3.88%, a small but important move. The Fed uses this rate — called the federal funds rate — to influence borrowing costs across the entire U.S. economy. When the Fed raises rates, borrowing becomes more expensive. When it lowers rates, borrowing becomes cheaper.
J Robert
2 min read
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