Federal reserve rate hike will impact credit cards - KRLD News

Federal reserve rate hike will impact credit cards

On Wednesday, the Federal Reserve raised the federal funds rate by another 75 basis points in an effort to combat the hottest inflation readings in more than 40 years.

Cumulatively, the Fed has now raised the federal funds rate by 225 basis points since March.CreditCards.com Senior Industry Analyst Ted Rossman talked with KRLD's John LiddleImage courtesy of Thapana Onphalai/Getty Images

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