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Fed Hikes Rates

The Federal Reserve Bank has voted to raise interest rates, for only the second time in a decade. The rates have been kept historically low for years. This tiny bump up will affect mostly those who borrow money, rather than those who save. This means those with $200,000 home mortgage with variable interest may see a $100 increase in their monthly bills. Those who have saved will see minimal interest accrued in their monthly bank statements. Read more…

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