# How The Fed’s Interest Rate Hikes Could Affect Your Finances

- Link: https://www.widthness.com/how-the-feds-interest-rate-hikes-could-affect-your-finances/
- Published: 2022-12-27T09:30:03-06:00
- Author: Curated by John Wysocki

Photo credit: Filmstax via Getty Images. Article by Cora Lewis, AP. Huff Post – December 15, 2022. Original article published by AP News.  The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to borrow for homes, autos and other purchases. NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier […] Click here to view original web page at www.huffpost.com