News Clip: How The Fed’s Rate Hike Will Impact You

The Federal Reserve is increasing interest rates by a quarter of a point. From credit cards to car loans, a look at how the rate hike could impact your wallet.

Jerome Powell, Federal Reserve Chairman：”The committee is determined to take the measures necessary to restore price stability.”

Ed Moya, Senior Market Analyst, Oanda：”Getting loans, getting refinancing, getting your first mortgage is going to be a lot harder as these interest rates go higher.”

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