Interest Rates Simplified: How It Works And Major Risks Explained

Consumer Price Index (CPI) reflected a year-over-year increase of 9.1% last in June, up from the prior 40-year high of 8.6% in May. In response to rising inflation, the Federal Reserve has been aggressive with interest rate hikes, and with no plans to slow down. This video will explain why interest rates are raised and how it attempts to fight inflation and why it doesn't always work.

Article - https://www.cnbc.com/2022/06/15/fed-hikes-its-benchmark-interest-rate-by-three-quarters-of-a-point-the-biggest-increase-since-1994.html

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