Interest rates on credit cards, auto loans and mortgages have risen after the Federal Reserve raised interest rates for the first time in three years.
The Fed increased rates to help combat inflation, which is running at 3.4%, above the central bank’s 2% target.
NewsNation’s @AliciaNievesTV reports.
MORE: https://www.newsnationnow.com/business/your-money/fed-hikes-interest-rates-by-quarter-point/