Fed: What higher interest rates mean for your money

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Chances are the Federal Reserve will likely hold interest rates where they are coming out of its May FOMC meeting today as Wall Street's hope for 2024 rate...

coming out of its May FOMC meeting today as Wall Street's hope for 2024 rate cuts fades lower. What does all this mean for the average American if rates stay higher for longer?translates what elevated interest rates mean for consumers, especially what the Fed's rate environment means for mortgage rates, credit card rates, and other loans.

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