6 Ways the Fed's Interest Rate Hike Could Affect You
The Federal Reserve is widely expected to raise the benchmark federal funds rate by 25 basis points on Wednesday, but the impact on consumer borrowing depends on the type of loan. While certain consumer interest rates are directly based on the federal funds rate, others have a looser, indirect relationship.
With that in mind, here are six ways the Federal Reserve's expected rate hike could affect your financial life.
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Source: Fool.com