How to Handle Your Finances After a Fed Rate Increase

December 16, 2015 10:00 AM

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How to Handle Your Finances After a Fed Rate Increase

It’s one of the most anticipated economic events in years. After keeping its interest rate barometer close to zero since December 2008, the Federal Reserve is universally expected to raise rates at the end of its two-day meeting Wednesday afternoon.

Are you hoping that your savings account will start paying more than a mere fraction of 1 percent in interest? Worried that the monthly cost of your adjustable-rate mortgage might be about to rise sharply?

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