The Federal Reserve is raising a key interest rate in an effort to tame inflation, in the Fed’s most aggressive move in 22 years.
LOMBARD, Ill. (WLS) — The Federal Reserve is raising a key interest rate in an effort to tame inflation, in the Fed’s most aggressive move in 22 years. The hike comes as Americans are struggling with rising costs everywhere. We take a look at where you’ll see the biggest impacts of this hike. Meagan Pingel said she’s ready to buy a house. She has been looking with her realtor for weeks, all while watching mortgage rates climb. »It brings our price range down. Where does that leave us, » Pingel said. Inflation is the highest it’s been in 40 years and is affecting nearly everything consumers buy.
