How Will the Federal Reserve Funds Rate Increase Affect You?

By | News, Rates

Last week, the Federal Reserve’s Federal Open Market Committee announced that it will raise its Federal Funds Rate by .25%, which represents the Fed’s first rate increase since June 2006. Economists, analysts, and the media had been speculating about the rate increase leading up to the announcement, and I know that many of our members are wondering what impact the rate increase might have on you.

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