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5 things to know about the Fed's interest rate increase and how it will affect you

  • Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
5 things to know about the Fed's interest rate increase and how it will affect youWould the person responsible for the fate of the U.S. economy please raise his hand?AP Photo/Patrick Semansky

The Federal Reserve is raising interest rates for the third time this year, on June 15, 2022, as it seeks to counter inflation running at the fastest pace in over 40 years. The big question is how much it will lift rates. Before the latest...

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