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Benzinga
Benzinga
Business
Dan Budzyn

The Fed Raised Interest Rates By Historical Numbers: How You Can Combat Surging Inflation

Interest Rates Jerome Powell US Federal Reserve UNH NYSE

The Federal Reserve and its Chair, Jerome Powell, raised interest rates by three-quarters of a percentage point on Wednesday, June 15th, 2022. The raise is the highest of its kind in nearly 30 years. Desperate times call for desperate measures, and The Fed is no exception, as it attempts to regain control amidst the chaos.

So, what do raised interest rates (historical ones at that) mean for the country, and for you, the individual investor?

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