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Federal Reserve Board policy-makers raised interest rates for the fifth time since last June on March 21. The move is designed to slow the economy enough that inflation doesn’t get out of control.
America’s foremost futurist, David Pearce Snyder, on stocks, predicting and Fruit of the Loom.
The Federal Reserve Board decided on Feb. 2 that even higher rates were needed to slow the economy. It raised both the federal funds rate and federal discount rate by 25 basis points.
The Federal Reserve Board has raised rates again. But what exactly does that mean and how will the changes affect you? Bankrate.com helps you sort it out.
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