BONUS: Recent Fed rate hike good for savers, not borrowers
Earlier this month, in an attempt to get a grip on inflation, the Federal Reserve Board, America’s central bank, raised interest rates a quarter of a percent for the first time in three years. KSFR reporter Mary Lou Cooper reached out to University of New Mexico economist Professor Reilly White to find out the implications for consumers here in New Mexico and across the nation. Professor White is the chair of the Finance Department at UNM’s School of Business Leadership.
The skinny
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