Federal Reserve expected to raise interest rates on Wednesday
July 26, 2023
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0:45Now PlayingFederal Reserve expected to raise interest rates on Wednesday
YouTube Description
as posted by the channelThe Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, bringing the benchmark rate to a 22-year high. They've been raising rates since last spring in order to cool down the economy and tame record inflation, but the higher interest rates make it more expensive to use credit cards or take out loans.
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#FederalReserve #InterestRates #Economy
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