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The Fed is set to raise interest rates again — here’s how it happens





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  • The Federal Reserve is set to raise its benchmark interest rate again on Wednesday.
  • The Fed adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers.
  • Some economists say what the Fed is doing now is a bit unusual, because it’s raising rates even though inflation is quite low.

Banks give out money all the time — for a fee.

When we borrow and then pay back with interest, it’s how banks make money.

The cost of borrowing — interest rates — makes a big difference on which credit card you choose read more >>>

Source:: BusinessInsider.Com

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