The New Fed Rate Hike Will Affect Consumers: What You Need to Know About Debt Consolidation

The New Fed Rate Hike Will Affect Consumers: What You Need to Know About Debt Consolidation

Byemmamadison837

Post Views: 349 Credello: On March 3, 2020, the Federal Reserve Bank (Fed) lowered the federal funds rate that banks use to borrow from one another. By doing that, they reduced interest rates for consumer borrowers. That situation is about to change. Following their December meeting, two-thirds of the Fed’s Board of Governors projected up…