NJ Spotlight News

Business Report: Fed raises interest rates

Clip: 11/02/2022 | 2m 43s

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The Federal Reserve has hiked interest rates once more, by three-quarters of a point, as it intensifies its fight against inflation. That means rates for many loans will likely rise even higher. But the Fed indicated it could be less aggressive on raising interest rates in the months ahead. In New Jersey, we’ve seen higher rates slow the housing market.

Aired: 11/02/22 | Rating: NR

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