Posted inLocal News

What Fed’s plan to raise interest rates ‘soon’ means for consumers and the economy

THE FEDERAL RESERVE on Jan. 26, 2022, signaled plans to begin raising interest rates “soon” — possibly in March — in a bid to tamp down inflation before it poses a serious risk to the U.S. economy. A separate report released the next day showed the economy grew 6.9 percent in the fourth quarter of 2021. An interest […]