Fed Signals Interest Rate Hike: What It Means for the Economy

The Federal Reserve has raised interest rates to curb inflation, aiming to stabilize prices while preventing the economy from overheating. This decision directly impacts borrowing costs for mortgages, personal loans, and business investments. While it could help control inflation, it may also slow down economic growth and affect consumer spending in the months ahead.

Source: https://blogopedia.in/web-stories/federal-reserve-interest-rate-decision-2024/