Business & Economy · 1 views
Ever wonder how the Fed's interest rate actually works? We've got answers
The Fed's interest rate hike is bound to raise borrowing costs across the economy — but it's intended to help bring down inflation.
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The Fed's interest rate hike is bound to raise borrowing costs across the economy — but it's intended to help bring down inflation. LM Otero/AP hide caption It may be the most important tool in the Federal Reserve's toolkit: the interest rate.
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