5 Ways the Fed’s Interest Rate Decisions Impact You

The central bank of the U.S. – also known as the Federal Reserve – is charged by Congress with maintaining economic and financial stability. Mainly, it tries to keep the economy afloat by raising or lowering the cost of borrowing money, and its actions have a great deal of influence on your wallet. Officials on the Fed’s rate-setting Federal Open Market Committee (FOMC) typically meet eight times…

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