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    Don’t Panic About Interest Rate Increases: Look to Profit Instead

    by Adam Lampe Jul 27, 2022 3 minutes

    After an extended period of historically low interest rates, the Fed has reversed course and cranked up interest rates to combat rising inflation, which hit a record high of 9.1% in June. At its most recent meeting on July 27, the Fed turned up the heat with another three-quarters of a percentage point boost, matching its largest increase since 1994. That followed an identical 0.75% increase in June, a 0.5% increase in May and a modest 0.25% increase in its key rate during its March meeting.

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