Interest Rates Rising

It might soon be more expensive to borrow money to buy a car or a house after the Federal Reserve’s decision on Wednesday to raise its key interest rate for the first time in nearly a decade.

University of Central Florida economist Sean Snaith does not think the Fed will wait that long again and will make several rate hikes in the next year.

Snaith says the rate increase indicates the Fed is comfortable with the recovery in the U.S. economy.

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  • Posted 8 years ago

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