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The Fed: Higher Interest Rates Ahead!

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First published at 05:30 UTC on May 26th, 2022.

#inflation
#interest
#rates

Larry Sparano

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The Federal Reserve Board signaled stronger action to tamp down soaring inflation when it released its latest minutes on Wednesday. And it plans on doing that by raising interest rates higher in a series of hikes. What will that mean to your wallet? That's what On Target's Larry Sparano asked financial expert Mark Collinsworth of Vere Global Wealth Management:

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