Why did the Federal Reserve raise interest rates and how does it affect me?

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TheStraitsTimes Singapore 1h

Why did the Federal Reserve raise interest rates and how does it affect me?

SINGAPORE - The US central bank raised interest rates by a quarter percentage point to a range of 3.75 per cent to 4 per cent on Sept 16 - the first such move in three years, with analysts expecting more rate hikes to come. But what exactly does this mean? shows that it aims to bring down further g»»»

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