Here’s What the Fed Rate Hike Means for Your Retirement – Chris Kissell

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On Wednesday, the Federal Reserve Board raised its target federal funds rate by a half-point, the largest increase in more than two decades. The hike — which brings the target rate to a range of 0.75% to 1% — is not expected to be the last such move this year. In fact, several more rate hikes are forecast through the rest of 2022 as the nation’s central bank tries to tamp down surging inflation.

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