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What the highest rates in 22 years mean for you

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The Federal Reserve’s has raised interest rates for the 11th time.

 
The central bank approved raising key interest rates by a quarter percentage point during their July meeting.

The much-anticipated interest rate hike now takes benchmark borrowing costs to their highest level in more than 22 years and could once again send ripple effects across the economy.

Nicole Middendorf, the CEO of Prosperwell Financial joins Veronica Dudo to discuss. #centralbank #FederalReserve #interestrates #money #finance

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