September 20: What a Possible Fed Rate Hike Means for You (ABC News)

September 22, 2016

Top Federal Reserve officials are meeting in Washington, D.C., today for a two-day meeting, where they will discuss and decide whether or not to raise interest rates.

The Federal Reserve holds regular meetings like this, but expectations have been building in recent months for the Fed (as it is commonly called) to raise rates.

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