The Fed's slower interest rate hike this month is good news for Americans looking to buy a car, house, or use their credit card in 2023

Dec 14 2022 by Business Insider

 
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington. (AP Photo/Patrick Semansky)

Patrick Semansky/AP Photo

The Federal Reserve raised interest rates by 0.5 percentage points on Wednesday. This marked a decrease from the previous four consecutive 0.75 percentage point hikes.  The Fed appears to be slowing down its aggressive efforts to fight inflation. 

The nation's central bank raised...

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