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Federal interest rates on the rise again

CNN --

The Federal Reserve is once again raising interest rates. The hope is to bring down inflation by making it more expensive to borrow money. On average Americans paid 8.3% more for goods in August compared to a year ago.

Wall Street, however, is worried that a three-quarters of a point increase could hurt stock values. Experts do say that it will take time for the Fed's announcement to impact the economy.

Article Topic Follows: Your Money

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Priscilla Duran


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