Macro Finance
What Does the Interest Rate Hike Mean for American Consumers?
NBC Business·September 17, 2026·1 min read
The Federal Reserve raised interest rates by 0.25% on Wednesday, the first hike since 2023, aiming to slow inflation. NBC's Brian Cheung explained on TODAY how the increase will impact credit cards, mortgages, and the cost of food and gas for American consumers, signaling higher borrowing costs across the economy.
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