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Billionaire Investor has Heart-Wrenching News for Everyone with Debt Right Now
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Read More: https://www.foxbusiness.com/personal-finance/federal-reserve-rate-hike-september-inflation
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The Federal Reserve raised interest rates by 75 basis points at the end of September, marking the third consecutive 75-basis point increase and the fifth rate hike this year. As reported by FOX Business, as a result of the rate hike, the federal funds rate will now range from 3% to 3.25%, and the Fed said more rate hikes are likely as it "strongly committed to returning inflation to its 2% objective."
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