The Fed Is Raising Rates Again: What That Actually Changes for Your Money

2 months ago 5

Rommie Analytics

Rolled United States dollar bills of several denominations lying on a pale surface

After cutting from a 5.5% peak, the Fed reversed course in September and raised the fed funds rate to 4.00%. The effects land on your accounts at wildly different speeds. Here's what moves this month, what moves next year, and what never moves at all.

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