Paul Davidson and Maureen Groppe, USA TODAY

Money

Fed increases key interest rate by 0.75 points again. How will it affect the economy and you?

July 27, 2022July 27, 2022Paul Davidson and Maureen Groppe, USA TODAYComments Off

The Federal Reserve increased its key interest rate by 0.75 percentage point for a second straight month to battle inflation that’s at a 40-year high.