Feds hike interest: How to keep your credit debt low
Feds hike interest: How to keep your credit debt low
(NewsNation) — The Federal Reserve raised interest rates to the highest level in 14 years Wednesday, to a range of 3% to 3.25%, as it tries to control spiking inflation that’s making food, housing, gas and other necessities increasingly unaffordable for everyday Americans.
But that means it’ll be pricier to borrow money, putting an extra burden on families turning to credit to make ends…