Interest rates explained: what they are and why they matter
Interest rates explained: what they are and why they matter
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What are interest rates?
What are interest rates?
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The Fed uses interest rates to encourage a steady pace of economic growth. When the economy grows fast enough to rouse inflation, the Fed can raise short-term rates to increase the cost of borrowing, which can slow down inflation and spending. Here’s what strategies we suggest in a rising-rate environment: http://on.wf.com/6185zBXXX | Wells Fargo
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