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What the Fed’s Rate Increase Means for Your Savings Account

  • Lifehacker
  • 08-22
  • 185
  • 0

What the Fed's Rate Increase Means for Your Savings Account The Federal Reserve announced last month another 0.25% interest rate hike. Part of the ongoing efforts to combat inflation, this quarter percentage point increase brings the fed funds rate to their highest level in more than 22 years.
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