The Federal Reserve’s Interest Rate Hikes: Impact on Consumers and the U.S. Economy
As the U.S. Federal Reserve (the Fed) continues its efforts to combat inflation, interest rate hikes have become a central focus in economic news. The Fed’s decision to increase rates impacts everything from consumer spending and business growth to the overall state of the U.S. economy. In 2024, with inflationary pressures lingering, understanding how rising…
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