Money

Why does the Fed raise interest rates? And how do those hikes slow inflation?

Orlando Mayorquin, USA TODAY Comments Off on Why does the Fed raise interest rates? And how do those hikes slow inflation?

The Federal Reserve's seen raising interest rates by 0.75 percentage point this week to try to stem inflation. How do interest rate hikes work?

     
Orlando Mayorquin, USA TODAY
https://api-internal.usatoday.com.akadns.net

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